Economics
The Fed Can't Offset Trump's Trade War With Earnings This Shaky
- Margin expansion is weakening as more companies cut forecasts
- Trade war’s impact may broaden with consumer goods targeted
This article is for subscribers only.
Donald Trump has long made it clear that he wants the Federal Reserve’s help shoring up the economy as he fights his trade war with China. To investors, it’s starting to look like that won’t be enough.
Stocks are in freefall and bonds are rallying around the world following the latest escalation by Beijing, just days after Trump announced new tariffs and the Fed lowered interest rates for the first time in a decade.