Fitch: The Fed may be more cautious about rate cuts, and US tariff rates will return to 1909 levels

Odaily News Fitch said that given the higher-than-expected tariffs, US economic growth in 2025 may be lower than the 1.7% forecast in March. The increase in tariffs will lead to higher US consumer prices and lower corporate profits. "Liberation Day" has brought US tariff rates back to the level of 1909. The upward pressure on commodity prices caused by tariffs means that the Federal Reserve may become more cautious about further interest rate cuts in the near future. With the increase in US tariffs, the ratings of some sovereign countries with high export value-added levels may face downward pressure. (Jinshi)