Tariffs hit US economy forecast but central banker unmoved by latest Trump threats
The US central bank has made no change to interest rates and warned the world's biggest economy will see less growth and higher inflation due to tariffs.
The future of the UK economy is weaker and more uncertain due to President Trump's tariffs and conflict in the Middle East, the Bank of England has said.
The US central bank has raised its forecast for inflation as the Iran war-linked surge in global energy prices threatens self-inflicted damage on the world's largest economy.
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