A ceasefire in the U.S.-China trade war is doing little to relieve pressure on t...
NEW YORK/HELSINKI - A ceasefire in the U.S.-China trade war is doing little to relieve pressure on the Federal Reserve to stimulate the economy.
But the Fed, which signaled rate cuts could come soon due partly to uncertainty caused by the trade war, still faces a slowing global economy as well as businesses domestically putting off spending until China and the United States reach a lasting truce. Markets are overwhelmingly betting the Fed’s next move will be its first rate cut since the global financial crisis a decade ago, and Trump has demanded easier policy to strengthen the economy and his hand at the negotiating table with Beijing.opening at a record high. Still, U.S. Treasury bonds traded well within recent ranges, pointing to investors' continued expectations that the Fed's next move will be a rate cut as soon as its July 30-31 policy meeting.
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