Although presidents Donald Trump and Xi Jinping called a truce in the trade war when they met at the G20 Summit in Osaka in late June, a truce is not a settlement. A US rate cut could be construed as the Federal Reserve’s attempt to tidy up the mess left by Trump’s trade policies. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

The Fed has no real reason to cut rates, unless it’s to save the US economy from Donald Trump’s tariffs

  • The Federal Reserve’s signalling of a rate cut is out of the ordinary, given the strength of US economic data. Are Trump’s trade war and tariffs doing that much damage to the US economy?

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Although presidents Donald Trump and Xi Jinping called a truce in the trade war when they met at the G20 Summit in Osaka in late June, a truce is not a settlement. A US rate cut could be construed as the Federal Reserve’s attempt to tidy up the mess left by Trump’s trade policies. Photo: Reuters
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