Fed: Trade Uncertainty Could Erode Investments, Confidence
Fed: Trade Uncertainty Could Erode Investments, Confidence
Fed Minutes Show Why Officials Are Not Panicked About ‘Trade Wars’ AFP 5 Jul 2018
08 July, 2018, 13:09
"The trade threat is the prime risk factor so Fed officials are going to monitor how it affects business", said Putri Pascualy, a portfolio manager at Pacific Alternative Asset Management Co in Irvine, California.
Federal Reserve officials last month discussed the impact of further hikes in interest rates, saying that by next year they could be at levels that might begin to slow economic growth.
Some members of the FOMC also stressed in the minutes that uncertainty and risks about trade policy have intensified, and warned they could have negative effects on business sentiment and investment spending. A narrowing in the gap between short-term and long-term rates has been an accurate predictor of downturns in the past.
According to the minutes, released on Thursday, some businesses in the USA say they have "scaled back and postponed" plans for investment due to their concerns over U.S. trade policy. It was the second rate hike this year and the seventh since December 2015.
The change was made because officials believed it "was no longer appropriate in light of the strong state of the economy and the current expected path for policy", the minutes said.
Danilo ruled out for the rest of the World Cup At the end of the day, Neymar's still a bloody popular player - the dude has nearly 99 million Instagram followers and counting. Brazil hasn't had the same coach for two straight World Cups since Mario Zagallo was at the helm in 1970 and 1974.
Rescue mission to save boys trapped in Thailand cave underway Earlier in the day, the Thai Navy Seals released the letters the boys sent to their families, via rescue divers, reassuring them. Some officials said his collapse was due to his oxygen supply running out, but the cause of his collapse was not confirmed.
Fiery Trump Takes Shots at Warren, 'Me Too' Movement President Trump was in Montana on Thursday for a campaign rally meant to inflict political damage on Democratic Sen. He again referred to Warren of MA as "Pocahontas" to ridicule her claims of Native American ancestry.
Unemployment was 3.8 percent in May, matching the lows since the late 1960s, and the Fed's preferred gauge of consumer prices rose 2.3 percent on annual basis in May. The projections have the funds rate rising to 3.4 percent by the end of 2020.
As such, a number of officials believed it might soon be appropriate to drop the language in the policy statement indicating that the stance of monetary policy "remains accommodative". As from midnight on Friday, the first wave of U.S. tariffs will apply to 818 Chinese goods ranging from boat motors to LEDs and radio equipment.
"Contacts in some districts indicated that plans for capital spending had been scaled back or postponed as a result of uncertainty over trade policy", the minutes said.
The Trump administration has slapped tariffs on aluminum and steel products and threatened levies on more products from major partners including Mexico, Canada, Europe and China, on whom tariffs on $34 billion of goods are scheduled to go into force early Friday. Beijing has promised to retaliate with tariffs on US goods, including farm products such as soybeans. Canada and Mexico have already slapped new taxes on USA goods, while the US and China are to levy duties on each other's products worth some $34 billion.
The second victory last summer was changed to a no-contest when Jones failed a doping test, and he remains out of the sport. Lesnar came out to witness first hand the fight for the UFC heavyweight title between Daniel Cormier and Stipe Miocic.
The Swedes were playing in the World Cup quarterfinals for the first time since 1994, when they reached the semifinals. Virtually from kickoff, Sweden sent long passes forward to tall striker Ola Toivonen and looked for a flick-on.
The game went to extra-time with Subasic staying on the pitch despite appearing to injure his hamstring late on in normal time. But against Croatia their unbelievable run ended at the quarter-final stage despite taking the lead after 30 minutes.
Performing the moves IRL has become quite the trends, and seeing them outside of the game is a real hoot. Defender Harry Maguire gave his squad a 1-0 lead in the 30th minute and England never looked back.
Some U.S. experts said the disputes highlight the risk of Trump granting premature concessions to North Korea. Secretary of State Mike Pompeo meets Japan's Prime Minister Shinzo Abe in Tokyo, Japan, July 8, 2018.
Of those, 499,000 couldn't find work, but they did show up in the government's survey as searching for a job. The U.S. and China slapped tit-for-tat duties on $34 billion worth of the other's imports on Friday.
Orange Line commuters rushed to the aid of a woman whose leg had gotten stuck in the five-inch gap between the train and the Mass. The unnamed woman was reluctant to go because she was anxious she couldn't afford medical treatment.
The military responded with more security checks, and the Trump administration added to those, creating a backlog. A RAND Corp. study found that these recruits were generally more cost-effective than their native-born peers.
Cormier was getting up from the table after promoting Saturday's fight against Stipe Miocic when he slipped and hit the ground. Cormier re-emerged moments later to square off with his opponent for Saturday night, UFC heavyweight champion Stipe Miocic .
Father kills teen children in Australia murder
Det Supt Brett McFadden said two " powerful " handguns registered in Edwards' name were discovered at the Normanhurst house. He told reporters the attack was a "very harrowing experience for those initial responding emergency service providers".
Russia 2018, Quarter-finals
Modric said Subasic told him that the injury should not be a major factor as Croatia prepare for their semifinal. This media house does not correct any spelling or grammatical error within press releases and commentaries.
Vettel fastest in second British GP practice
Canadian Lance Stroll lost control on his very first flying lap, spinning at Brooklands, and ending up beached in the gravel. Williams has only four points this season and Harris acknowledged on Friday she had been "dreading" the team's home race.
England fans react to goals in Sweden win
It was England's eighth set-piece goal of its 11 in Russian Federation , and the centre back's first in worldwide football. It's only the third time England have reached the last four and their first since Italia 90 they have made the semis.
Steph and Ayesha Curry welcome third child
Congratulations to the Curry family! "Yippie! #curryfor3." As it turns out, Ayesha wasn't joking about her morning sickness. Ayesha also shared a handsome photo of Riley and Ryan cradling and looking fondly at their new little brother.