A woman walks through Shanghai’s Lujiazui financial district. As China’s economic growth slows, the Federal Reserve has put its interest-rate-hiking campaign on hold. Photo: AFP A woman walks through Shanghai’s Lujiazui financial district. As China’s economic growth slows, the Federal Reserve has put its interest-rate-hiking campaign on hold. Photo: AFP
A woman walks through Shanghai’s Lujiazui financial district. As China’s economic growth slows, the Federal Reserve has put its interest-rate-hiking campaign on hold. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

When the Fed is worried about China, it’s no time to get carried away by Sino-US trade talks

  • Nicholas Spiro says the bond market, where the smart money is, thinks the newly dovish Fed is too optimistic about US growth. Meanwhile, 2019 is starting to look like 2016, when China’s softening economy caused concern among US policymakers

A woman walks through Shanghai’s Lujiazui financial district. As China’s economic growth slows, the Federal Reserve has put its interest-rate-hiking campaign on hold. Photo: AFP A woman walks through Shanghai’s Lujiazui financial district. As China’s economic growth slows, the Federal Reserve has put its interest-rate-hiking campaign on hold. Photo: AFP
A woman walks through Shanghai’s Lujiazui financial district. As China’s economic growth slows, the Federal Reserve has put its interest-rate-hiking campaign on hold. Photo: AFP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.