Wall Street still sees two rate cuts this year, but conviction is getting weaker, CNBC survey finds

1. Expectations for Fed rate cuts reduced, inflation outlook mixed. 2. 65% forecast two rate cuts in 2025, down from 78%. 3. Tariffs seen as inflationary; deregulation viewed positively for growth. 4. Economic growth outlook is positive despite inflation concerns. 5. Recession probability dropped to 23%, showing improved sentiment.