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US Fed pauses rate cuts again says ‘great deal of uncertainty’ over Trump's tariffs

IndiaTimes Thursday, 8 May 2025
Federal Reserve Chair Jerome Powell expressed concerns about President Trump's tariff policies, highlighting the potential conflict between maintaining low inflation and maximum employment. The Fed held interest rates steady amidst uncertainty caused by trade measures, particularly tariffs on Chinese goods. Powell acknowledged the difficulty in predicting the economic impact of these policies, signaling a cautious approach to future rate adjustments.
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News video: Trump Prepares HUGE Trade Tariff Deal Reveal With UK, UK Pact To Hit China And Europe Hard

Trump Prepares HUGE Trade Tariff Deal Reveal With UK, UK Pact To Hit China And Europe Hard 03:12

 President Trump is set to announce a major trade deal with a “highly respected” nation—confirmed by insiders to be the UK. The deal may include U.S. tariff cuts on British steel, autos, and aluminum in exchange for the UK scrapping its digital services tax. Trump teased the agreement on social...

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