Economic NewsFighting to make Connecticut a high state for enterprise, jobs, and economic development. However, thanks to a weakening global economic trajectory emerging throughout the globe late last year and into this year, the Fed started an about-face and is expected to lower interest rates later this 12 months. As China responds to President Trump’s risk of more tariffs by letting the yuan fall and stopping imports of U.S. agricultural merchandise, shares fell and traders turned to the safer haven of government bonds.

The Connecticut Business & Trade Association is the voice of business in Connecticut, with 1000’s of member firms championing change on the State Capitol, shaping debate about financial competitiveness, and fighting for a better future for all.

Delivering a light jolt to an financial system that’s going through headwinds from tame inflation at dwelling to trade disputes and a worldwide slowdown, the Federal Reserve is sort of certain to chop rates of interest at present for the primary time in additional than a decade.

Some economists claim that a 6% inflation rate for several years would help the economic system by helping to resolve the U.S. debt problem, lifting wages and stimulating economic growth. On the good facet, shopper spending is driving the U.S. economy as employment remains robust; on the dangerous aspect, business investment had its biggest drop in three years as trade uncertainty and slowing global progress influence U.S. companies.

US President Donald Trump has signed an government order imposing an economic embargo in opposition to Venezuela , in the latest transfer in opposition to President Nicolas Maduro and his authorities. Traders at the moment are betting there will be three or 4 25-basis point rate cuts by the tip of the year, with just a few seeing as many as 5.