I was on Bloomberg’s Day Break with the team and guest Anne Lester from JP Morgan discussing oil and inflation. Oil prices had bounced back at the end of last week and were lifted further on news that Saudi Arabia and Russia were inclined to support extending output cuts not just until the end of …
Last week the US and China announced some details of a tentative trade agreement. Many observers are scratching their heads. Commerce Secretary Ross says the goal is to reduce the roughly $360 bln bilateral deficit. There is little in the agreement that will achieve this. The beef and other agricultural goods that the US can …
The Politics and Economics of the US-China Agreement Read More »
The US dollar has opened the week softer against the major currencies, except for the Japanese yen. The disappointing US inflation and retail sales data before the weekend have not been shrugged off, even though the US 10-year yield is a little higher and expectations for a Fed hike next month continue to be elevated. …