Powell's 'half-full' U.S. glass sturdy but still at risk for spills as Fed meets - BNP Paribas USA
BNP Paribas USA News & Press
December 10, 2019 - ,

Powell’s ‘half-full’ U.S. glass sturdy but still at risk for spills as Fed meets

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WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell has taken a glass-half-full view of the U.S. economy but the trouble may be that the glass has gotten smaller and has a few cracks.

 

currencies (USD, Euro, Yen, Yuan, Pounds)

 

“Over the next week it risks losing a few drops as deadlines approach for the United States to impose new tariffs on China, British voters decide what has been called a “nightmare” election between far-left and far-right candidates, and other central banks take stock of what seems an increasingly turgid global economy[…]

The global economy is slowing. The International Monetary Fund at its semi-annual meeting in October cut its world growth forecasts for this year and next and said the outlook remained precarious…”

Read the full article and BNP Paribas Chief Economist Daniel Ahn’s remarks.

 

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