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Markets Weighing 'Corrosive Effect' of Tariffs, Goldman's Moe Says
Timothy Moe of Goldman Sachs says equity markets are focusing on the impact of President Trump's tariffs. He tells Bloomberg Television that "tariff uncertainty is having a corrosive effect on capital spending plans," constraining some M&A activity and "probably starting to weigh on consumer confidence." Moe adds that "any talk of Fed hike" is being written off.
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