From a market perspective, tariffs are no longer that much of a deal because a 10% average tariff rate has been already priced in. We also got reports from businesses that they plan with a 10% to 20% tariff rate. But what about the July 8th deadline that was set back in April for trade talks?
So, we are left with the markets continuing to price in better global growth ahead. There are many positive drivers including trade deals eventually getting done, expansionary fiscal policies and central bank easing.
The other risk to keep an eye on is inflation. Although we are still seeing disinflation in the data, keep in mind that inflation is a lagging indicator.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
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