Hopes for trade war truce, looser monetary policy may be in vain
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Singapore
STOCKS rallied to the brink of new record highs last week amid hopes that the trade war between the US and China was ending and the era of ultraloose monetary policy beginning again.
Some strategists warn, however, that these hopes are in vain. It may already be too late for the US Federal Reserve and world leaders to prevent damage to the industrial sector from the trade war causing a recession.
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