The latest tit-for-tat strategy imposed by both nations will only see relations between the two largest economies deteriorate further. Here are some of the latest tit-for-tat developments ahead of the trade talks in Washington:
Tonight 20:00 SAST, we will see the release of the Federal Reserve’s meeting minutes for the September meeting. This might give us some insights into why the Fed decided to cut interest rates for a second time this year. Fed chair Powell indicated on Tuesday the Fed will address the recent strains in money markets and left the options open for interest rates ahead of the next sitting.
Wall Street might remain under pressure while the world gets clarity on the pending trade negotiations in Washington. Take note that Volatility is expected over the next couple of sessions and that U.S markets are still in a downtrend.
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