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According to the Fed, the trade war with China is the greatest risk to the US economy:
“Risks to the outlook associated with global economic growth and international trade were still seen as significant despite some encouraging geopolitical and trade-related developments,” said minutes of the Oct. 29-30 policy meeting, which were released on Wednesday.
https://www.wsj.com/articles/fed-officials-cut-rates-amid-worries-on-trade-global-growth-11574276730