PANews reported on April 6 that according to Jinshi, the UBS report pointed out that in terms of inflation, it is expected that by the end of this year, the tariffs announced by the new administration so far may increase US consumer prices by about 2 percentage points, provided that only part of it is passed on to end consumers. "Although higher inflation will pose a challenge to the Fed, we believe that a sharp slowdown in economic growth and possible weakness in the labor market will mean that the Fed will cut interest rates by 75-100 basis points in the remainder of 2025."