Cliff Notes - Trade Talks
December 3, 2018
In This Weeks Update :
- Federal Reserve Chair Jerome Powell said he sees U.S. interest rates as “just below the broad range of estimates" of neutral. Risk assets rallied, as markets interpreted the comments as a sign that the pace of future policy tightening in the U.S. may be slower than previously anticipated. Equities rose, led by U.S. and tech stocks and the momentum factor, and U.S. Treasury yields fell.
- U.S. President Donald Trump and Chinese President Xi Jinping agreed to work together to resolve their trade dispute and put further tariffs on hold for 90 days. We see this outcome boosting global risk appetite in the short term
- Economists expect strong U.S. non-farm payrolls growth in November, and the data will offer a key signal ahead of the Fed’s December meeting.
Full Article Here - Cliff Notes Trade Talks 12 03 2018