Federal Reserve chairman Jerome Powell holds a press conference in Washington on January 30 following a two-day policy meeting. Photo: Reuters
Kerry Craig
Opinion

Opinion

Macroscope by Kerry Craig

So, are US interest rates going up or down? All we know is that the Fed doesn’t really know

  • Kerry Craig says it is rare for the US Federal Reserve to pause during a tightening cycle. But Fed chair Jerome Powell seems to have abandoned a previous policy of giving clear signals to the market

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Federal Reserve chairman Jerome Powell holds a press conference in Washington on January 30 following a two-day policy meeting. Photo: Reuters
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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

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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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