The Fed is expected to resume interest rate cuts, which have been paused since January, as soon as possible. However, despite the positive data, the Fed prefers to keep interest rates steady due to concerns about tariffs. At this point, the FED left interest rates unchanged in June. While the next interest rate cuts are expected to be made in July and September, the market expects the first interest rate cut of 2025 to be made in September. I Expect Two Interest Rate Cuts in 2025, The First in September! At this point, Minneapolis FED President Neel Kashkari announced that he expects two interest rate cuts in 2025. Kashkari said in an article published today that he expects two rate cuts in 2025, with the first likely to occur in September. Neel Kashkari, one of the most hawkish Fed members, noted that inflation had fallen, which would allow him to cut the policy rate twice starting in September. While the FED member mentioned the possibility of the first interest rate cut being made in September, he stated that the FED could pause the reduction policy if necessary if the tariffs have a negative impact. “I expect two interest rate cuts in 2025. At this point, the first cut could be in September. “But if the Fed cuts interest rates in September and the inflationary effects of the tariffs become apparent later, we may temporarily pause the rate cuts.” Finally, Kashkari said economic data so far suggest that the impact of tariffs on prices, activity or the labor market has been extremely modest, and inflation is making renewed progress toward the Fed's 2% target. Kashkari is known as one of the members of the FED who is hostile to Bitcoin (BTC) and cryptocurrencies. At this point, the FED member describes cryptocurrencies as worthless, fraudulent and ridiculous. *This is not investment advice.