Wall Street expects the Fed to rescue the economy from Trump tariffs, but an emergency rate cut now could spark more panic, analyst warns

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• Investors are pricing in more rate cuts this year from the Federal Reserve as President Donald Trump's aggressive tariffs spark recession fears, and are even seeing the possibility of a cut coming before a scheduled meeting. But emergency easing now could set off more panic rather than calm nerves, Bankrate's Greg McBride says.

President Donald Trump's aggressive tariffs have Wall Street increasingly expecting a recession and more easing from the Federal Reserve, but an analyst warned an emergency cut could set off more panic.