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(Reuters) – Morgan Stanley stated on Thursday it expects the usFederal Reserve won’t lower charges this yr as a result of potential elevated inflation ranges on the again of Trump’s newest tariffs.
Trump on Wednesday imposed a ten% baseline tariff on all imports to the U.S. and better duties on dozens of different international locations.
The Wall Road brokerage had earlier anticipated a 25 foundation level lower in June.
(Reporting by Rashika Singh; Enhancing by Krishna Chandra Eluri)
