Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
St. Louis Federal Reserve President James Bullard said Friday the central bank could consider postponing its widely anticipated December rate hike because of an inverted yield curve.
"The current level of the policy rate is about right," Bullard said in a prepared presentation to the Indiana Banker's Association, according to Reuters.
In a question and answer session later, he suggested delaying the expected rate hike until January, Reuters said.
Bullard is the first member of the Fed to speak publicly about a delay. The St. Louis Fed president — while not a voting member of the policy-setting Federal Open Market Committee this year — will be able to do so in 2019.
On Monday, the 2-year Treasury yield moved past that of 5-year Treasury notes. A negatively sloped yield curve often signals an economic recession, though the time between inversion and GDP downturn has varied widely over decades.
As of Friday afternoon, the yield on the 2-year Treasury note held lower at 2.725 percent while the rate on the 5-year note was at 2.718 percent.
Bullard, a monetary policy dove, may be trying to persuade members of the FOMC that a more cautious approach to tightening will be necessary. Market participants see a 76.6 percent chance that the Fed will increase the overnight rate when it concludes its meeting on Dec. 19, according to the CME Group.
Fed Chairman Jerome Powell said on Nov. 28 that the central bank's overnight rate seemed to be near neutral, a marked difference from his October comment that interest rates were "a long way" from the level that neither stimulates nor restricts economic growth.
Click here for the original Reuters report.