Goldman Sachs said it no longer expects the United States and China to agree on ...
FILE PHOTO: Containers are seen at a port in Ningbo, Zhejiang province, China May 28, 2019. REUTERS/Stringer/File Photo
The bank now expects two back-to-back rate cuts from the U.S. Federal Reserve “in light of growing trade policy risks, market expectations for much deeper rate cuts, and an increase in global risk related to the possibility of a no-deal Brexit”. The move by Washington “suggests that both sides in the trade conflict are taking a harder line, reducing the odds of a resolution in the near term,” Goldman Sachs chief economist Jan Hatzius wrote in a note.Global equities have lost nearly $2.5 trillion on the tough rhetoric from both the United States and China. On Monday, China let the yuan slide in response to the latest U.S. tariffs.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Goldman Sachs no longer expects US-China trade deal before 2020 election'A trade deal now looks far off,' analysts at Goldman Sachs said, amid rapidly intensifying tensions between the two economic giants.
Baca lebih lajut »
Goldman Sachs no longer expects US-China trade deal before 2020 election'A trade deal now looks far off,' analysts at Goldman Sachs said, amid rapidly intensifying tensions between the two economic giants.
Baca lebih lajut »
U.S.-China trade row sends U.S. bond yields tumblingU.S. Treasury yields tumbled on Monday, with 10-year yields hitting the lowest s...
Baca lebih lajut »
When Are the 2020 Primary Elections?Find out what date your state will be holding its primary election, caucus, or convention.
Baca lebih lajut »
Morning Joe host blasts Donald Trump's 2020 re-election donors for 'funding this white supremacy'Morning Joe Host blasts Donald Trump's 2020 re-election donors for 'funding this white supremacy'
Baca lebih lajut »
Australia's central bank holds rates, sees low for longerAustralia's central bank held rates at an all-time low of 1% on Tuesday as ...
Baca lebih lajut »