PANews reported on April 6th, according to Jinshi News, a UBS report pointed out that in terms of inflation, it is expected that by the end of this year, the tariffs announced so far by the new government may cause US consumer prices to rise about 2 percentage points. The premise is that only part of it is passed on to end consumers. "Although higher inflation will pose challenges for the Federal Reserve, we believe that significant economic slowdown and potential weakness in the labor market will mean that the Federal Reserve will cut interest rates by 75-100 basis points during the remainder of 2025."