Now the longest in United States history, the closing will start to take a toll. Profits at American companies may be hurt by the United States’ trade war with China. Evidence that it is slowing global growth mounted this past week, with Germany reporting its slowest annual growth rate since 2013 and China saying that exports fell last month. The stock market slid 6 percent in the days afterward. “Clearly the market was skittish about, primarily, the Fed,” said Alicia Levine, chief strategist at BNY Mellon Investment Management.
Source: New York Times January 20, 2019 08:00 UTC