US Economy
US Fed chair warns of potential inflation and growth slowdown due to ongoing trade tensions with China
Recent developments in the trade tensions between the US and China have led to a significant downturn in stock markets, with major indexes dropping 9%. This has been exacerbated by China's announcement of a 34% tariff on US goods, mirroring the rate imposed by the US on Chinese imports. As a result, the Federal Reserve (Fed) is expected to maintain its current benchmark interest rate of 4.3%.
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