London, March 20, 2025 (AFP) - Stock markets retreat on revised US economic outlook

NAMPA / AFP

2025-03-20

Major global stock markets retreated Thursday following a weaker-than-forecast US economic outlook and despite the Federal Reserve trying to calm fears over President Donald Trump's tariffs. After keeping rates on hold, Fed boss Jerome Powell on Wednesday suggested that any increase to consumer prices caused by tariffs would likely be short-lived, even as the central bank slashed its growth outlook and hiked inflation expectations. Wall Street ra......

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Law & Politics

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