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[hfe_template id='11223'] [ad_1] Federal Reserve Bank of Minnesota President Neel Kashkari said on Tuesday it is too soon to know how short-term borrowing costs may need to be adjusted for U.S. President Donald Trump's tariffs and their expected impact on inflation and the economy. Kashkari's view is widely held by his colleagues and is likely to leave the Fed on hold at its rate-setting meeting in two weeks. "It's too soon to judge what's going to happen to the path of interest rates," Kashkari told the U.S. Chamber of Commerce Global Summit in Washington. While it is "logical" that tariffs alone would not reaccelerate inflation, recent high inflation means the Fed cannot ignore this risk, he said, noting that tariffs will likely also slow growth. That combination would create "tension" for the Fed, he said, since the U.S. central bank cannot fight rising inflation and rising unemployment at the same time. Complicating ma...

[hfe_template id='11223'] [ad_1] China's currency and equities will bear the brunt of a protectionist shift in the U.S. and are seen trading sensitively to the election's trade and foreign policy implications. Investors say a win for Donald Trump, particularly if accompanied by a Republican sweep of Congress, is expected to squeeze the yuan and shares in export sectors. A victory for Democrat Kamala Harris is likely to result in opposite trades. Here are how investors see markets moving: DOLLAR/YUAN TO 7.3 ON RED SWEEP China's currency is tightly managed. Still, or perhaps because of that, it is expected to fall if the U.S. hikes tariffs on Chinese goods. Analysts see it sliding to 7.3 per dollar or beyond should Trump - who promises dramatically higher tariffs - win the presidency and especially if Republicans control Congress and the White House. In the lead up to polling day the currency has come under pressure, with exporters reluctant to sell dollars,...