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The Federal Reserve has signaled it could raise rates 3.5 percent by 2020. President Donald Trump has described the Fed’s possible path as the biggest threat to the U.S. recovery. Rabobank has said the Fed could over-hike and push the U.S. into recession.

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China exports more to the US than the US exports to China, and that makes Donald Trump furious. But with the Communist Party’s 19th Congress set to take place in Beijing this year, Chinese leaders are unlikely to yield to US pressure.

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