Internet reports that the market generally expects Trump's tariff policy to push up inflation and make it more difficult for the Federal Reserve to continue to control inflation. Goldman Sachs and Wells Fargo expect the Federal Reserve to cut interest rates twice this year, while Morgan Stanley joins Barclays Bank and Macquarie Bank, predicting that the Federal Reserve will only cut interest rates once this year, citing the uncertainty caused by US President Trump's tariff policy. The Fed also kept its benchmark overnight interest rate in the range of 4.25%-4.50% at its January policy meeting. Fed Chairman Powell said further reductions in borrowing costs now depend on whether the Fed can make further progress in reducing stubbornly high inflation.