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Bank of America economists posited the......>

US TSYS
US TSYS: Bank of America economists posited the U.S. "thinks it can outlast
China because it can impose tariffs on more products than China can...But China
has many non-tariff options for retaliation." BoA economists estimate a "trade
war could be a major drag on US growth, lowering the level of GDP by roughly
1.2% at its nadir...Higher import prices should pass-through to inflation,
leading to a temporary acceleration in core inflation. The Fed is likely to
remain on its current policy path in the near term, but could stop the hiking
cycle short and potentially cut rates if the economy were to tilt toward a
recession," BoA cautioned.

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