U.S – China Trade Impact on Recession
Publish Date : 2019/10/24 - 08:42

The recent truce in the U.S.-China trade war is not an economic turning point and has done nothing to reduce a significant risk that the United States could slip into recession in the next two years.

Collateral damage from the trade conflict between the world’s two largest economies has hit financial markets and forced most major central banks to cut interest rates this year.

After lowest interest rates in July and September, the central bank was expected to cut again by 25 basis points next week, taking the fed funds rate to 1.50%-1.75%.

Another cut is forecast for early next year, taking the rate to 1.25%-1.50%, with no more changes expected for the rest of 2020.

Source: Reuters

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