President Donald Trump and some top GOP leaders in the House pledged on Wednesday to pursue more tax cuts for middle-class Americans. In an unusual joint press statement, the President said that this would likely be done in 2019.
The escalating trade war between the US and China as well as tightening monetary policies have been cited as two of the biggest risks to long-term growth according to economists.
The US Federal Reserve has once again raised the short-term interest rates in a move confirmed on Wednesday. This is now the 8th time since 2015 that the Fed raises the rates after years of historical lows.
The Chinese government has raised tariffs on thousands of US goods entering the country. This is part of Beijing’s response to escalating trade tensions with the US.
