Despite Q1 GDP contraction and jobless claims rise, court ruling on Trump tariffs means the Fed is unlikely to cut in 2025 – Comerica Bank

(Kitco News) – Despite Thursday morning’s Q1 GDP revisions showing contraction and jobless claims data worsening, the court ruling invalidating Trump’s tariff authority means the Fed is now even less likely to cut rates this year, according to Bill Adams, Chief Economist for Comerica Bank.