Trade spat to counter expected tax cut boost to US economy: Reuters Poll

The ongoing trade dispute between the US and China will likely counter the expected boost to US growth from massive tax cuts approved by Congress a few months ago, according to latest Reuters poll. 

Key points (Source: Reuters)

• 31 out of 51 economists expect business investment to pick up significantly this year.
• 44 of 50 economists say trade dispute with China to harm US Economy, dulling expected fiscal stimulus boost.
• The core PCE price index, the Fed's preferred inflation measure, would only reach the target in the third quarter and level out to average slightly above that 2 percent level next year.
• The Fed is expected to keep rates unchanged at its policy meeting on May 2.