Rising global trade risks, overall policy uncertainty and the sustainability of US debt topped the list of latent risks to the US financial system, according to the Federal Reserve's latest financial stability report released on Friday. It is the first time the Fed has conducted a semi-annual survey of financial risks since Mr. Trump returned to the White House. Seventy-three per cent of respondents said global trade risks were their top concern, more than double the number reported in November....
Rising global trade risks, overall policy uncertainty and the sustainability of US debt topped the list of latent risks to the US financial system, according to the Federal Reserve's latest financial stability report released on Friday. It is the first time the Fed has conducted a semi-annual survey of financial risks since Mr. Trump returned to the White House. Seventy-three per cent of respondents said global trade risks were their top concern, the highest proportion since November.