An employee monitors a weaving machine at a textile factory in Shangqiu in China’s central Henan province in September 2018. The trade war has taken a toll on global export growth. Photo: AFP
Opinion
Opinion
Macroscope
Trade war deal or no deal, the damage to the world economy has been done. Central banks must act soon
- The trade war has taken its toll on export-led nations, such as Germany, Japan and China. With indications that even the US economy is losing steam, it’s time for central banks to pick up the slack
An employee monitors a weaving machine at a textile factory in Shangqiu in China’s central Henan province in September 2018. The trade war has taken a toll on global export growth. Photo: AFP
US Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington on January 30, 2019. Photo: REUTERS
US Federal Reserve officials remain divided over whether to raise interest rate again
- Minutes of the US Federal Reserve’s meeting showed Fed officials were divided over what it would take for them to raise rates again
- There was no suggestion of a cut in rates
Topic |
Global interest rates
US Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington on January 30, 2019. Photo: REUTERS