Pimco's Wilding Sees Slower Pace of Rate Cuts in 2025

The transcript discusses market expectations for rate cuts in December and January, highlighting a 90% chance for December and a 30% chance for January. It covers the Federal Reserve's economic projections, indicating a likely 25 basis point rate cut and a stronger economy forecast. The impact of tariffs on growth and inflation is examined, with a focus on policy uncertainty under the Trump administration. The probability of future rate hikes is considered low unless inflation significantly accelerates, potentially due to supply side shocks.

What role do tariffs play in the economic environment discussed in the text?

What is the overall sentiment regarding the likelihood of rate hikes at this point?