US Fed Rate Cut, July 7 -- US President Donald Trump's tariff policies have added a layer of complexity to the Federal Reserve's rate-cut deliberations, as the US central bank remains concerned about potential inflationary fallout from higher tariffs.

Now, ahead of the expiry of the 90-day pause on tariffs this week on July 9, Trump said on Sunday that the US is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9.

Trump in April announced a 10% base tariff on most countries and higher "reciprocal" rates of up to 50%.

Trump also threatened an extra 10% tariff on countries aligning themselves with what he called the anti-American policies of the BRICS group of d...