Loose monetary policy in the United States will favour the country’s growth prospects in 2020.
The US Federal Reserve has slashed its benchmark interest rate three times in 2019, with the most recent action taken in October. Low inflation in the US, together with the potential impact of the Sino-US trade war on the country’s economy, has underpinned the Fed’s decision. The central bank is expected to refrain from cutting rates further this year despite being pressured by the administration of President Donald Trump.
The Fed’s stance...
Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!