By Bloomberg News

Copyright financialpost

“The job for central banks is getting harder. Tariffs threaten a blow to growth and — for the US — higher prices as well. Politics is intruding, most starkly in Washington DC, but also in Jakarta and maybe even Tokyo. Concerns about data reliability — familiar in China, now an issue in the US as well — add opacity. That nets out as a glide path down for the Fed, and most other central banks cutting rates too. If President Trump gets his way, the path down for the Fed will be more abrupt, and the cross currents for other central banks fiercer.”