Analyst: Tariff inflation may continue to spread to the economy in the coming months. The Federal Reserve is expected to cut interest rates twice this year. According to Stephen Douglass of NISA Investment Advisors on February 14th, about one-third of the pressure related to tariffs may still gradually spread to the economy in the coming months. This makes it possible for the economy to maintain good performance, while keeping the Federal Reserve on hold for a period of time. We are returning to the track of achieving a soft landing, "he said." The labor market will stabilize, and the final aftermath of tariff inflation will be transmitted in the first half of this year. "He expects commodity inflation to fall below zero in the second half of the year, creating space for the Federal Reserve to resume interest rate cuts later than market expectations. Our assessment for this year is to cut interest rates once in September and once in December