Trump tariff shock: Fitch warns US economy is slowing down

Fitch Ratings indicates a US economic slowdown, forecasting growth to decline from 2.8% in 2024 to 1.6% in 2025 and 2026, driven by weakening consumer spending and government expenditure, along with a softening labor market. Despite inflation pressures from tariffs, the Federal Reserve is anticipated to implement rate cuts to ease economic conditions.

Want More Context? 🔎