Hugh Johnson Economics suggests the market will be volatile and trendless, mirroring the 2018-2019 trade war. Proposed tariffs on Canada and Brazil could impact global supply chains, with inflation numbers reflecting tariff effects. Slowing US consumption and global economic growth, particularly in China, may pressure oil prices, making equity market gains challenging in the near term.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.