The Fitch Ratings agency downgraded its expectations for US Gross Domestic Product (GDP) growth in 2025 on Thursday, specifically highlighting that the Trump administration's "Liberation Day" tariff announcement poses a direct risk to US economic health.
Key highlights
- Liberation Day takes US tariff rates back to a level last seen in 1909.
- US growth in 2025 is likely to be slower than the 1.7% that we had projected in March, given higher-than-anticipated tariffs.
- Tariff hikes will result in higher consumer prices and lower corporate profits in the US.'
- Upward pressure on goods prices from tariffs means the Fed is likely to become more cautious about further rate cuts in the near term.
作者：Joshua Gibson，文章来源FXStreet_id，版权归原作者所有，如有侵权请联系本人删除。
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