The US economy's strength diminishes chances of a June rate cut, with 2.5% Q1 growth and 829,000 added jobs. Surveys anticipate a slowdown contrary to official data, indicating a possible 0.5% YoY expansion. Despite expectations of a slowdown, meaningful interest rate cuts are projected, with a forecast of 75bp policy easing in 2024 and further cuts in 2025 if economic activity cools.