World Bank Forecasts: China 2026 upgraded; 2026 global growth seen lower Y/Y amid tariffs impacting trade
The World Bank's upgrade of China's 2026 growth forecast against a backdrop of lowered global growth expectations suggests a mixed economic outlook.
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World Bank Forecasts: China 2026 upgraded; 2026 global growth seen lower Y/Y amid tariffs impacting trade
US President Trump says latest inflation numbers mean that Fed Chair Powell should cut rates meaningfully; if he doesn't he will just continue to be "TOO LATE!"
WSJ's Timiraos says "US CPI report isn't likely to change the Fed's wait-and-see posture, as officials will likely want to see more evidence that inflation is levelling off and then declining before cutting rates"
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This divergence may imply stronger demand for the yuan, while tariffs impacting trade could weigh on currencies tied to trade-sensitive economies, notably the USD and EUR. Traders should watch for potential shifts in forex and commodities stemming from these adjustments in growth expectations.
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