Chairman of the Federal Reserve nominee Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC.
"Contacts in some districts indicated that plans for capital spending had been scaled back or postponed as a result of uncertainty over trade policy".
The U.S. has imposed tariffs on imported steel and aluminum and threatened to slap more levies on other products from some of its biggest trading partners, particularly China and the European Union.
Euphoria unchained as England breeze into semi-finals
The shot-stopper was called into action three times to deny Marcus Berg and Viktor Klaesson - and he did so superbly. When the disappointment has run its course, these players will look back on this World Cup with pride.
Top seed Halep stunned by Taiwan's Hsieh Su-wei
Asked when she thought she could win the match, Hsieh responded, "I don't feel I can", then leaned forward and laughed heartily. I was 2-5 down in the final set but the crowd pushed me to fight". "It was an unprofessional attitude from me today".
European Union mission wants free, fair elections
Despite the odds being heavily stacked against the opposition, the MDC came close to condemning Zanu PF to the opposition in 2008. Deadly attacks on MDC supporters in 2008 forced Tsvangirai to withdraw from the second round of voting, handing Mugabe victory.
"The trade threat is the prime risk factor so Fed officials are going to monitor how it affects business", said Putri Pascualy, a portfolio manager at Pacific Alternative Asset Management Co in Irvine, California.
Federal Reserve officials last month said they expect to keep raising interest rates and suggested that by next year, they could be high enough that they could start slowing growth, according to minutes of their discussion released Thursday. "Officials said that the risks associated with trade policy had "intensified", with the uncertainty potentially hurting business sentiment and investment spending".
The minutes said USA central bankers debated the amount of labor-market slack left in the economy, with "several" participants saying "there was further scope for a strong labor market to continue to draw individuals into the workforce". Canada and Mexico have already slapped new taxes on USA goods, while the US and China are to levy duties on each other's products worth some $34 billion. "Several participants cautioned that yield curve movements should be interpreted within the broader context of financial conditions and the outlook, and would be only one among many considerations in forming an assessment of appropriate policy".
It seems unlikely that the Federal Reserve Open Market Committee considered the yield curve dynamics and the newly developed barometer as clear pointers to a recession in the making. Instead, policymakers agreed that the current state of the economy follows their expectations.