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Tag Archives: trade war

With Trump trade war a threat, Fed is set to cut rates again

For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump’s trade war with China. After that, no one — not even the Fed itself — seems sure what it will do. The economic landscape looks too hazy ...

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Stocks move broadly higher on hopes for US-China trade talks

Stocks marched broadly higher in afternoon trading on Wall Street Thursday, driving the Dow Jones Industrial Average to a gain of more than 300 points. Investors were holding out fresh hope that new talks between the U.S. and China set for September can lead to progress in the nations’ ongoing trade war. That spurred the rally, which was on track ...

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US recession fears stalk markets as stocks fall again

Global stock markets fell sharply again Thursday after Wall Street endured its worst day of the year as recession fears in the U.S. and around the world escalated. Investors across financial assets have been gripped by developments in the U.S. bond market. On Wednesday they focused on the fact the yield, or interest rate, on the benchmark 10-year Treasury bond ...

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How a ‘currency war’ could weaken US economy

President Donald Trump’s trade conflict with China escalated this week when Beijing let its currency fall to its lowest level against the dollar in 11 years and suspended its purchases of U.S. farm goods — and the Trump administration promptly branded China a “currency manipulator.” Trump’s response has little immediate practical impact. But together, the new developments raised the dangerous ...

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