Reported about 8 hours ago
Traders are now predicting three interest rate cuts from the Federal Reserve in 2025 due to the impact of US tariffs on global economic growth. The yield curve has steepened after the introduction of 25% duties on Canadian and Mexican imports and a 20% charge on China, affecting about $1.5 trillion in annual imports. This trade tension threatens the US economic outlook, raising fears of stagnation, while market volatility is further influenced by military aid pauses to Ukraine and increased EU defense spending.
Source: YAHOO