Leading economic analysts predict a delayed Fed interest rate cut and a potential 50-basis point adjustment later this year. ING’s Chief International Economist James Knightley believes the Fed will not rush to lower rates due to inflationary pressures from tariffs imposed by the Trump administration, which he expects to be temporary. However, Knightley anticipates a December rate cut to support economic growth. Meanwhile, FED Board Member Christopher Waller echoed a similar sentiment, acknowledging the impact of import tariffs on inflation but emphasizing that they should not hinder monetary policy decisions regarding interest rates. He believes a rate cut is still possible this year.