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Pres. Trump: Fed should get smart and lower the rate to make US rates competitive

  
  Analysis
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The FOMC decision is set for tomorrow at 2 PM ET

As the FOMC today meeting gets underway today, with the decision due at 2 PM ET/1900 GMT tomorrow, Pres. Trump is adding his two cents into the discussion.

He says:
  • The Fed should get smart and lower the rate to make our interest competitive with other countries
  • If Fed lowers interest rates, we would then focus on paying off and refinancing the US debt
Of course the Fed only controls the shorter-term interest rates. Longer term interest rates have the shorter-term interest rates as a function, but it is not the end all be all for the shape of the yield curve. In fact, rates could increase further out the curve and increase treasury borrowing obligations.

China press on trade war stamina – “US remains unmindful”

  
Analysis, Economy
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“US remains oblivious to China’s trade war attrition stamina”

An editorial from the rascals at China’s Global Times 😀
Says that US President Trump is exaggerating China’s GDP growth slow-down
  • showing that the US is anxious about the ongoing trade war
  • Driven by such anxieties while strategizing Trump’s 2020 re-election campaign, the White House administration has repeatedly overblown China’s trade war losses, fabricating evidence and “facts” to sway public opinion.
For more diatriabe 😀 , link
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