Fed officials at jackson hole grappling with how the trade war is impacting the u. S. Economy. Trade uncertainty is sort of a fact of life now. Trade policy uncertainty has been weighing on the outlook. Business investment is not held back by the cost of capital. We have seen already some business spending be weakened because of the tariff situation. What is holding it back is uncertainty around policy, particularly trade policy. The uncertainty of the trade tariff situation. The fulcrum, the center of gravity is u. S. Economic policy, not Monetary Policy is trade uncertainty. I dont think there is resolution likely anytime soon. Trade uncertainty will be with us. What i see some businesses do is become more cautious. This trade war is triggering other actions around the world, other countries thinking about reevaluating their own trade relationships. So this could easily get out of control and easily feed back to the u. S. Lisa there should be a little ding every time they say uncerta
Ireland are lobbying for more a flexible approach and many eu officials believe the transition will be extended because the u. K. Will not be able to get the kind of trade deal it wants and three years. The kenyan Opposition Party has released authentic electro and results showing Election Results saying is leader won the august votes. The Electoral Commission called the announcement a desperate effort to create a nonexistent reality. Opposition leaders are preparing to hold the socalled inauguration next week of their candidate and protest of the real threat of the current president. Global news 24 hours a day, powered by more than 2700 journalist and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Noon in new york at 5 00 p. M. In london. I am vonnie quinn. Shery i am shery ahn. Welcome to bloomberg markets. Vonnie from bloomberg World Headquarters in new york, here are the top stories we are following. Latin America Political calendar hot as Nine Countrie