Sanlam Investments market review : May 2018
The US economy continues to steer towards 2% inflation as the trade war temporarily ceases. Following the local and international displeasure voiced over the hikes in American trade tariffs, US Treasury Secretary Steven Mnuchin announced a consensus has been reached with China to reduce trade tariffs. This helped the Fed maintain the federal funds target rate at 1.5-1.75%. However, oil prices are surging in the wake of Trump removing the US from the Iran nuclear deal.