Tariff tumult boosts view that Fed may cut U.S. rates

By Jason Lange and Ann Saphir MERIDIAN, Miss./SAN FRANCISCO (Reuters) - U.S. President Donald Trump's decision to jack up tariffs on goods from China fuelled market bets Friday that the Federal Reserve will cut interest rates later this year, with one Fed policymaker suggesting he could be receptive if economic data deteriorates. Since January, the Fed has signalled it expects to leave rates unchanged while it takes stock of competing economic crosswinds, including lower-than-ideal inflation and faster-than-expected GDP and jobs growth.

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