Macro matters: China’s devaluation escalates trade tension

Trade tensions have been a near-constant backdrop for investors in 2019. On Monday, markets drew a direct line between trade policy uncertainty and expectations for a weaker U.S. economy. Stocks saw their worst day since January 4 and the 10-year U.S. Treasury yield plunged to its lowest level since November 2016. Read more on how trade tensions could weigh on Fed policy, broader economic activity, inflation and how this may impact investors.
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