PANews reported on March 17 that according to Jinshi, the Federal Reserve is expected to keep its policy rate unchanged this week, but Barclays economists warned that the impact of the tariff shock may be more severe than the FOMC showed in its Summary of Economic Projections (SEP). They said in a research report: "We believe that the risks this year are inclined to postpone the rate cut." Barclays expects the Fed's SEP to show rising inflation and unemployment expectations and a decline in GDP growth, but Barclays economists expect the GDP slowdown and inflation to be greater than the SEP. They added: "Although we expect the SEP to show that the benchmark interest rate will be lowered once this year, we still believe that the committee will eventually cut interest rates twice this year, by 25 basis points each time, in June and September."