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US Fed set to hold firm against Trump pressure
US Fed set to hold firm against Trump pressure
Business and Economy
by  AFP

The US central bank is expected to defy political pressure and keep interest rates unchanged Wednesday at the end of a two-day policy meeting, as the effects of President Donald Trump's tariffs emerge. Analysts broadly expect the Fed to hold interest rates steady at a range between 4.25 percent and 4.50 percent.

Five products to be hit by Trump's incoming tariffs
Five products to be hit by Trump's incoming tariffs
Business and Economy
by  AFP

The United States is set to raise tariffs on dozens of trading partners Friday if they fail to reach accords with President Donald Trump to avert the higher rates, and this risks raising prices for consumers. In a letter to Brazil's leadership, Trump cited a judical "witch hunt" against his right-wing ally, ex-president Jair Bolsonaro, in unveiling the rate.

US second quarter GDP growth to reflect tariff turbulence
US second quarter GDP growth to reflect tariff turbulence
Business and Economy
by  AFP

US economic growth is expected to rebound in the second quarter, analysts said, in a momentary comeback reflecting trade shifts as companies tried to avoid the harshest of President Donald Trump's wide-ranging tariffs. Analysts have noted that companies tend to hold off major decisions during times of uncertainty, given the risk of sudden policy shifts.