⚡ US Treasury Secretary Yellen: Two-year yields below the federal funds rate signal that the Federal Reserve should cut interest rates ⚡
🔥 Summary 🔥
"The tariff situation with China will be a multi-step process."
"We need to see de-escalation with China regarding tariffs."
"China needs to rebalance."
"If the US and China can rebalance together, it will have a significant impact."
"The Chinese economy is slowing significantly, and we may reconsider Trump's phase one trade agreement."
"We will reduce unfair trade barriers towards China, and we will hold China accountable for its previous commitments."
"If orders are not placed during the holidays, it could have a devastating impact on China."
"We had very good meetings with the Indonesian Finance Minister."
"We will reduce taxes on European digital services."
"It will reduce uncertainty regarding tariffs every day and every week."
"We expect to see an adjustment in GDP."
"The GDP decline may be due to stockpiling imports."
"US household consumption is strong."
👈 The market reacted, maintaining the strength of the US dollar index (USD) after these statements 👉🔥
