The focus over the last week was a step-up in Trump’s trade wars – adding Mexico again on top of the ongoing confrontation with China — and the promise by the Fed that if the trade issue starts to dampen growth, they will “act as appropriate” to rescue the US economy stock market.
As the market was worried about the impact of tariffs on imports from Mexico (mostly cars assembled there by US auto makers), Fed Chair Powell surprised the markets (and me, I must admit) by implying that the Fed could cut rates if the trade disputes started to…
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