Asian stocks are mostly lower after a meandering day of trading left U.S. stock indexes close to their record highs.
(AP Photo/Lee Jin-man)BANGKOK Asian stocks were mixed Thursday after a meandering day of trading in the U.S. left stock indexes close to their record highs.
President Donald Trump's chances of re-election, meanwhile, likely hinge in large part on the economy, and a worsening trade war would only sour it.
"People know this intellectually but tend not to focus on it: Changes in interest rates impact the economy with a significant lag," Mills said.
"What we've been seeing the last year or so is the economy absorbing the rise in interest rates that we experienced in 2018."