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International Business Times
International Business Times
Business

Asian Markets Drop As Fed Flags Concern Over Trump Policies

Traders have lowered their bets on how many interest rate cuts the Federal Reserve will make this year (Credit: AFP)

Asian markets turned negative Thursday amid Federal Reserve concerns that US President Donald Trump's tariffs and immigration measures could reignite inflation.

The losses come despite a second-straight record close on Wall Street and follow a recent rally as traders have rolled with the president's latest tariff salvos, betting they are being used as negotiating tactics.

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