The US flag flies over a container ship unloading its cargo from Asia at the Port of Long Beach, California, on August 1. The IMF and OECD have downgraded their global growth forecasts for 2019, taking into consideration the impact of the US-China trade war. Photo: AFP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

A US-China trade war deal, coupled with central bank monetary policy easing, could buck global slowdown predictions

  • The trade war has worried central banks enough to prompt interest rate cuts. However, the effect of this will only be felt later and could coincide with phase one of a US-China trade settlement

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The US flag flies over a container ship unloading its cargo from Asia at the Port of Long Beach, California, on August 1. The IMF and OECD have downgraded their global growth forecasts for 2019, taking into consideration the impact of the US-China trade war. Photo: AFP
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US Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington on October 30, the day the Fed lowered interest rates by 25 basis points amid a further slowdown in US economic growth. This was the central bank's third rate cut this year. Photo: Xinhua
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

The Fed thinks the US-China trade war and Brexit risks have receded. Investors should avoid making the same mistake

  • Investors have shown a tendency to swing between extremes, reacting to news with excessive bearishness or bullishness. It’s jarring to see the Fed do the same, ruling out more rate cuts because of fleeting progress in Brexit and the trade deal

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US Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington on October 30, the day the Fed lowered interest rates by 25 basis points amid a further slowdown in US economic growth. This was the central bank's third rate cut this year. Photo: Xinhua
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