Trade war escalation highlights downside economic risks
|Aug 5, 2019|
The big story today is the potential for a currency war, emanating from the escalating trade war between the US and China. But there's a considerable degree of data flow that I want to parse to give a more complete macro view.
Having looked at the data already though, my overriding sense here is that it makes the case for Fed easing at the next FOMC meet…