Odaily Planet Daily News: ING economist Knightley said the Fed may have to wait until December to cut interest rates, but will choose a large cut of 50 basis points. The economist said that the Fed will not cut interest rates immediately due to the inflationary impact of tariffs. However, the impact of tariffs on prices will be one-off. This will enable the central bank to boost the slowing economy by cutting interest rates later. The US money market is currently pricing in a high probability of a rate cut in September. However, Knightley said the Fed may also wait longer instead of choosing a larger rate cut in December. (Jinshi)