Fitch's global head of sovereign ratings McCormack expects Fed to keep rates on hold this year

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7 June 2019

Fitch's global head of sovereign ratings McCormack expects Fed to keep rates on hold this year

We're still quite confident that the U.S. economy will continue to grow
Trade war is bringing uncertainty and is negative for growth globally
Expects reduction in investment but doesn't see that as strong enough to tip the US economy into recession

China President Xi: China will open its markets, safeguard global order

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