A Fed rate cut in 2020 is now on the table as coronavirus spreads, economist says (via TradingNation)
"It really depends on how quickly the virus is contained," Steil said Tuesday. "If it's contained very quickly, I think that's a reasonable, although perhaps optimistic, forecast. If it's not, if the cases can continue to grow rapidly over the next several weeks, we're easily looking at a situation in which Chinese growth could halve over the course of the first half of this year to something closer to 3%.
Even so, the United States is likely better equipped to react to any further market weakness than China, at least on monetary policy, the economist said.
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