Guggenheim expects Fed to cut rates about every quarter in 2025
Guggenheim Partners' chief investment officer forecast on Monday that the U.S. Federal Reserve is likely to cut interest rates roughly every quarter in 2025, bringing the reduction to around 75 basis points or even a full percentage point this year. The Fed will continue cutting, albeit on a slower path than had been expected, Guggenheim CIO Anne Walsh told the Reuters Global Markets Forum at the start of the World Economic Forum annual meeting in Davos. Tariffs expected to be imposed by incoming President Donald Trump will probably not be as punishing as most expect, Walsh said, as long as the dollar remains strong as the reserve currency and the U.S. continues to attract capital.