concern about stubborn inflation and potential inflation and the potential of trump's policy effect of trpmp'snd immigration on their and immfgratfon on their to bring and immfgretfeh on their to bring price growth efforts to bring price growth down to the 2% target. are currently pricing investors are currently pricing in one rate cut in 2025, with 7 possibility 77 possibility of a the peeeipilitv ef e eecehe. 1111111111111? to the peeeipility ef e eecehe. 11 1111 1111 to futures markets. officials also ex- ressed some officials also expressed concern over the potential for another debt ceiling showdown washington. current federal in washington. current federal runs out after 14th, and lawmakers will the 14th, and lawmakers will meet to raise their 7 7 debt ceiling 5 —eilin-or self-imposed debt ceiling of a default. riehe defaultchrlicymehei-s it risks defaultchrlicymehei-s it may risks defsdltchrlicymskei-s it may be to noted it may be appropriate to consider slowing or pausing the feds ongoing shrinking of fed�*s ehgeihg shfihhihg ef its ' ” sheet in light of balance sheet in light of this,