The initial trade deal between Washington and Beijing is unlikely to provide a significant boost to the U.S. economy and will only reduce the downside risk or at best help activity moderately, a Reuters poll showed.
That was also clear from predictions for the Federal Reserve to remain on the sidelines this year and on expectations the next likely move would be a cut rather than a hike. "While recent progress is encouraging, we remain skeptical that a broad accord can be reached this year as complex issues, such as state industry subsidies and forced technology transfers, still need to be resolved."
"The growth slowdown has probably troughed, but we do not anticipate a V-shaped recovery," noted Kevin Loane, senior economist at Fathom Consulting.
Source: Financial Digest (financialdigest.net)
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