The Internet reported that economists at Barclays said that the Fed's interest rate path seems uncertain and that if there is evidence that inflation expectations are becoming unstable, the Fed may reduce or not cut interest rates this year. They wrote in a report that the Federal Open Market Committee may be reluctant to cut interest rates significantly under the pressure of stagflation. But they said that if the labor market weakens more significantly and tariffs have a weaker transmission of inflation, it could also lead to greater cuts. Barclays still expects the Federal Reserve to cut interest rates by 25 basis points in June and September this year. The agency expects another 25 basis points in interest rate cuts in June and September next year, depending on the FOMC seeing a significant slowdown in monthly inflation as tariff-related pressures diminish. (Jin Shi)