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ns limits immediate deterioration in trade relations but offers no indication of breakthro

上海419论坛ughs. Markets abhor uncertainty, and questions swirl around how business will react to unp

redictability over trade, the slowing global economy and Britain’s departure from the European Union.

“In a world where markets are up, the economy is still strong, consumers are spending, you mig上海419论坛

ht imagine you would hear people talking about growth or expansion,” Tom Barkin, president of the F

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The Fed left interest rates unchanged at its June meeting, but some analysts expect a rate cut when the Federal Open Ma

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uture easing and this could undermine market stability and become a “channel for political pressure on Fed decisions”.

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ns the US economy. Analysts at Bank of America warn that the Fed’s willingness to counteract the negative effect of the trade di上海419论坛女神会所

spute on the economy “could encourage an even tougher stance on trade which would trigger even more Fed acco

mmodation, and so on. The end result would be a loss of Fed policy ammunition with an economy that is still soft.”

The US economic recovery, which began in July 2009, is now 10 years old and the longest period of eco

nomic expansion in the nation’s history. Most analysts foresee slower growth ahead, but not a recession.

The Institute for Supply Management (ISM) reported Monday that its index of factory activity nationwide dropped to 51.7 in Jun

e from 52.1 in May, its lowest since October 2016. It was the third consecutive month the index declined. A rea

ding above 50 shows expansion in the manufacturing sector, which represents about 12 percent of the US economy.

The ISM said businesses were concerned about the ongoing US-China trade dispute, especiall

y because it disrupted supply chains and increased uncertainty among manufacturers. However, US factor

ies reported an increase in hiring, including replacement of retirees and adding summer help.

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