The economy in 2018 was much different than the one today, and so are the Fed's options for keeping it on track.
"Tariffs are about making America rich again and making America great again," Trump said in his address to Congress.
U.S. President Donald Trump's trade war with China will give Brazilian agricultural exporters an opportunity to take an even bigger share of the Chinese market at the expense of American farmers, but it could also fuel already high food inflation in Brazil.
The law firm business generally follows the health of the broader economy, which is being threatened by a prolonged trade war. Longer term, the tariffs implemented this week could cut 1.3% from US GDP and lead to a rise in the Federal Reserve’s preferred inflation measure, according to Maeva Cousin and Rana Sajedi of Bloomberg Economics.
The European Central Bank is cutting interest rates by a quarter percentage point, lowering credit costs for consumers and businesses to support an economy that is struggling to show solid growth.