China lowered its goal for economic growth and announced a major tax cut, as policymakers seek to pull off a gradual deceleration while grappling with a debt legacy and the trade standoff with the U.S.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Trump-Kim Summit – live Reports: US President Blames Failure of Talks on North Korea’s Demand for Sanctions to be Dropped
Gold Silver Reports (GSR) – Donald Trump and Kim Jong-un have cut short their talks in Hanoi, Vietnam and skipped a scheduled lunch event.
The Trump-Kim Summit in Vietnam has been cut short, no Agreement was Reached
The White House said Thursday that the nuclear summit between U.S. President Donald Trump and North Korean leader Kim Jong Un was cut short and no agreement was reached.
Fed’s $4 Trillion Balance Sheet in Focus Ahead of Minutes From January Meeting
The U.S. dollar held onto gains against its global peers Wednesday ahead of Minutes from the Federal Reserve that are expected to confirm the bank’s recent signals on slower rate hikes and a more patient approach to monetary policy in the face of uncertain economic growth at home and notable weakening around the world.
Fed says Minutes to be Released on Time as Offices Close
The U.S. Federal Reserve said minutes of its January policy meeting would be released on Wednesday as scheduled though its offices in Washington would be closed due to bad weather.
Fed’s Williams Says New Economic Outlook Necessary For Rate Hikes
New York Fed President John Williams on Tuesday said he was comfortable with the level U.S. interest rates are at now, and sees no need to raise them again unless growth or inflation shift to an unexpectedly higher gear.
China Trade Deal ‘Fails’ if Washington Doesn’t Win Enforcement Measures
That comes as Chinese negotiators ready for the next round of trade talks, set to begin Tuesday in Washington.