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Powell's Year of Living Patiently, U.S.-China Policing

From bnnbloomberg.ca

Fed officials signaled they’re prepared to move interest rates higher or lower as needed, but an unusual mix of risks means they could remain on hold all year; Treasury Secretary Steven Mnuchin insisted he was right to recommend Jerome Powell as Fed chief • The U.S. and China have agreed to open “enforcement offices” as a way to make sure each side lives up to the terms of a trade deal • Prime Minister Scott Morrison called Australia’s election for May 18, with polls showing he faces a battle to retain office. Even though his economy is slowing, the stock market isn’t • China’s year-long campaign of targeted stimulus ... (full story)

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  • Category: Fundamental Analysis