SBP editorial: Trump antics risk undermining Fed

4th August, 2019

Financial markets are unpredictable. Stocks go up and down, investors come and go, profits rise and fall. Yet rarely can investors’ reaction to a cut in interest rates have been as capricious as last week’s fall in the world’s stock markets after the US Federal Reserve cut rates for the first time in over a decade.

After months of signalling, the Fed reduced its benchmark interest rate on Wednesday by...

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