SAN FRANCISCO (Reuters) – The freshly inked U.S.-China trade deal could be a “positive development” for the U.S. economy, Dallas Federal Reserve Bank President Robert Kaplan said on Friday but repeated that he’ll remain open-minded and watching data closely in the run-up to the Fed’s Oct. 29-30 policy meeting.
Halloween is still two weeks off but a witching hour for the global economy could be near as new forecasts and new risks collide in the coming days.
In a costed platform released Friday, the Conservatives detailed almost C$50 billion ($38 billion) over five years in new spending and tax cuts. Under the plan, Canada’s deficit would peak at C$23 billion next year, before dropping to C$5 billion in 2023 and moving into a surplus in 2024.
If Boris Johnson can manage to produce a Brexit deal in the next fortnight, can he get Parliament to vote for it? From the U.K. prime minister’s point of view, the lack of noise is probably a good thing.
(Reuters) – Stop with the “50 Bs.” Start with the 60.