News

Global money market inflows surge as trade tariffs stoke slowdown fears

Global money market funds saw massive inflows in the week ending April 2 as investors grew cautious over U.S. President Donald Trump's aggressive trade policies, which are heightening fears of a global slowdown and prompting some economists to revise their recession projections upward. Money market funds, often seen as safe havens during times of economic distress, attracted $30.26 billion in inflows during the week, as Trump introduced sweeping reciprocal tariffs on trading partners, intensifying a trade war and amplifying fears of a global economic slowdown.

Ratings agency S&P to review all global forecasts after US tariff shock

Credit ratings giant S&P Global has said it is reviewing all its macro economic forecasts in the wake of Donald Trump's sweeping world trade tariffs this week, a move likely to fuel concerns of a renewed wave of credit score downgrades. The firm, whose ratings judge the creditworthiness of thousands of companies and more than 130 countries, said the scope and size of U.S. President Trump's new tariffs had exceeded most expectations.

One of the Fed's top recession alarms sends 2008-style signal

One of the Federal Reserve's preferred recession indicators has this week deteriorated as fast as it did in 2008, the latest sign that bond investors are bracing for a sharp economic slowdown as a result of U.S. President Donald Trump's sweeping tariffs. There are many metrics economists and investors use to try to predict a downturn. The gap between two-year and 10-year Treasury yields for instance, is a bond market favourite.