Monex Europe | The euro’s fortunes turned sour in 2019 despite the year starting with a positive outlook.
china US trade tensions
J. P. Marín-Arrese | US Federal Reserve Chairman Jerome Powell faces the dilemma of choosing the right path, confronted with conflicting data and forecasts. While the US economy grew at a booming 4% rate in the first quarter, inflation trails far behind the Fed’s objective and salaries fail to pick up despite historically low levels of unemployment. Moreover, the trade tug-of-war with China is denting confidence in consumers and investors alike. Should the conflict turn worse, the economy might suffer a harsh blow.
Shaun Riordan | The US has once before tried to use trade restrictions to force an Asian power to abandon its strategy. It did not end well.