Research

Bracing for impact

4 June 2025 15:07 RaboResearch
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We have updated our baseline forecasts to reflect the recent de-escalation in the tariff war between the US and China. We now expect a shallow recession starting in Q3 and the Fed to cut in September.

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Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more