BLOOMBERG Bloomberg Real Yield July 14, 2024
Fed officials at jackson hole grappling with how the trade war is impacting the u. S. Economy. Trade uncertainty is sort of a fact of life now. Trade policy uncertainty has been weighing on the outlook. Business investment is not held back by the cost of capital. We have seen already some business spending be weakened because of the tariff situation. What is holding it back is uncertainty around policy, particularly trade policy. The uncertainty of the trade tariff situation. The fulcrum, the center of gravity is u. S. Economic policy, not Monetary Policy is trade uncertainty. I dont think the...