Union Bank of Switzerland’s analysis team suggests that a slowdown in the US economy, reflecting the disruption to the manufacturing sector caused by the trade spat with China will rein in the Fed in the near term. Key Quotes “A partial government shutdown has exacerbated the situation. The US federal government was shut down from 22 December 2018 to 25 January 2019. The economists are also expecting a sharper slowing in the economy in 2020 than the Federal Open Market Committee (FOMC) does to 1.7 percent versus the FOMC’s 1.9 percent.” “These factors will keep them on hold both this year and next,” the CIO team says. “That said, we see the bar for a rate cut “”which the market has priced – as very high and a rate cut as unlikely.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP recovery faltered ahead of 0.8600 FX Street 4 years Union Bank of Switzerland's analysis team suggests that a slowdown in the US economy, reflecting the disruption to the manufacturing sector caused by the trade spat with China will rein in the Fed in the near term. Key Quotes "A partial government shutdown has exacerbated the situation. The US federal government was shut down from 22 December 2018 to 25 January 2019. The economists are also expecting a sharper slowing in the economy in 2020 than the Federal Open Market Committee (FOMC) does to 1.7 percent versus the FOMC's 1.9 percent." "These factors will keep them on hold both this… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
