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U.S. stocks plummet as trade and growth concerns increase

Stock losses today are accelerating as the market braces for a new round of tariffs on Chinese imports on September 1st. Goldman Sachs is now expecting 75-basis points worth of rate cuts this year, including the recent cut in July. Falling interest rates with moderate growth should continue upward pressure on wages. Aaaron Dessen, Financial Advisor at Payne Capital Management and Matt McCall, President at Penn Financial Group join Yahoo Finance’s the Ticker.