Amidst escalating trade tensions and uncertainty surrounding economic growth, traders are significantly increasing their bets on multiple interest rate cuts from the Federal Reserve. Recent announcements regarding new tariffs have raised concerns about a potential recession, leading to speculation that the Fed may need to intervene more aggressively. Analysts suggest the possibility of five rate cuts by year-end, with some even predicting emergency cuts could be on the horizon. The market is currently pricing in these expectations, with futures indicating a strong likelihood of a series of cuts starting soon, despite some dissenting views from major firms. The situation remains fluid as the Fed navigates these complex economic challenges.