FED’S MESTER: U.S. Q2 SLOWDOWN NOT SUFFICIENT TO TRIGGER RATE CUT
By Laurie Laird LONDON (MaceNews) – While U.S. growth appears to have weakened over the second quarter, the current slowdown is insufficient to trigger a reduction in interest rates, according to Cleveland Federal Reserve President Loretta Mester. “Given the current level of the funds rate and my current baseline outlook,” interest rates represent an “appropriate […]
TRUMP-XI MAINTAIN CURRENT TARIFFS, RESTART TALKS FOR 12TH ROUND
–US Chipmakers Can Again Sell to Huawei; China Can Resume U.S. Ag Buys (MaceNews) – The Osaka Castle weekend agreement between U.S. President Donald Trump and China’s Xi Jinping altered the immediate trade landscape significantly, held new tariffs in abeyance “for the time being” and opened the way for another round of talks while freezing […]
US-MEXICO PACT CHANGES DYNAMICS ON TRADE, POLITICS, OUTLOOK
By Denny Gulino WASHINGTON (MaceNews) – It remains to be seen if the U.S.-Mexico agreement eventually cuts Central American migration to the north back anywhere near to the low numbers the Trump Administration inherited yet the aftershocks are likely to nevertheless be consequential. –President Donald Trump is likely to have gained increased confidence in his […]
TEXT OF US-MEXICO DECLARATION ON MEXICO PACT
WASHINGTON (MaceNews) – The following is the joint Mexico-U.S State Department declaration on the agreement announced late Friday between the United States and Mexico that suspends the threat of the first phase of U.S. tariffs being imposed Monday: The United States and Mexico met this week to address the shared challenges of irregular migration, […]
TRUMP PUSHES GEOPOLITICAL BUTTONS, SHATTERS MARKETS SERENITY
WASHINGTON (MaceNews) – World capitals and trading centers Monday are trying to figure out how competent U.S. President Donald Trump is to manage trade relations with China now that he has tweeted away market serenity. For those willing to give Trump the benefit of the doubt the leanings are as follow: Trump, the savvy negotiator, […]