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 The U.S.-China trade war may blunt some of the stimulus on the U.S. housing market from expected further interest rate cuts by the Federal Reserve, with only a modest outlook for price rises, a Reuters poll of property market experts found.
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China has purchased about only half the U.S. soybeans it pledged to buy earlier this year, a U.S. Department of Agriculture official said on Thursday, after a small sale was reported amid the two countries' escalating trade war.
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Economists see recessions as complex phenomena with multiple causes. Historians and the public prefer simple narratives. So while a recession remains more risk than reality, the fight over the narrative is well under way.
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