Odaily Planet Daily News: Saira Malik, head of Nuveen Equities and Fixed Income, said the overall impact of tariffs announced so far this year on U.S. real GDP growth could be around negative 1.7%. Tariffs will also increase core PCE by 2.0% this year, a barometer of inflation favored by the Federal Reserve, she said in a report. Its latest data for February was 2.8%. Because the tariffs announced so far have been higher than expected, Nuveen believes that the risks are tilted toward further rate cuts by the Federal Reserve. She said: "Our probability-weighted guidance has increased from four rate cuts by the Fed in 2025 and 2026 to 6.6 rate cuts, while our fair value assessment of the 10-year Treasury yield has fallen from 4.5% to 4.0%." (Jinshi)