BLOG: Nothing the Fed can do to stop China causing a global recession

摘要

LONDON(ICIS)-Click here to see the latest blog post on Asian Chemical Connections.Global stock markets have tumbled on the US Federal Reserve’s decision to again raise interest rates.This might lead people to the conclusion that all that is needed for the bull-run to return is for the Fed to pause on further rate rises.But,in fact,there is nothing the Fed can do to reverse events from now onward,as the biggest single economic event of 2018 is China’s lending reduction.And tighter Chinese lending conditions look set to persist in 2019.