Treasury Secretary Scott Bessent said Tuesday night that he thinks the Federal Reserve could cut interest rates by September or 'sooner' because of mild inflation thus far from President Trump’s tariffs.

Trade wars causing a hiring freeze. Artificial intelligence taking human jobs away. An immigration crackdown shrinking the pool of available workers. There’s a lot to worry about U.S. jobs market these days.

Citigroup and Wells Fargo also expect the Fed to cut rates by 75 basis points in 2025, while UBS Global Research forecasts 100 basis points of reduction