Highlights of the U.S.-China Trade Deal
Bessent Says More U.S.-China Trade Meetings Likely in 'Next Few Weeks'
Express News | Trump: Drug Prices to Be Cut by 59%, Plus Gasoline, Energy, Groceries, and All Other Costs, Down
How Bessent Explained the 115-point Reduction in U.S.-China Tariffs That Has Triggered Market Euphoria
China, U.S. Tariffs De-Escalate But Uncertainty Remains
U.S. Suspends Bulk of Tariffs on Chinese Goods
Joint Statement on U.S.-China Economic and Trade Meeting in Geneva
A major reversal in expectations for the bond market! Options Trading traders are increasing bets on the possibility that the Federal Reserve will not cut interest rates at all this year.
Options traders are aggressively establishing hedge positions to guard against the risk that the Federal Reserve may not ease MMF this year, with one increasingly growing position predicting that the Federal Reserve will not cut interest rates in 2025.
Trump's "major concern": the stock market has returned, but the Bonds have not.
The S&P 500 Index has returned to the level before the tariff shock in April, but the yield on the 10-year US Treasury bond is still above the average level of 4.156% before the tariff announcement in April. Uncertainties such as tariff policy, fiscal outlook, and the White House's criticism of the Federal Reserve's interest rate policy have intensified pressure in the bond market.
Evercore ISI: The bear market in the U.S. stock market has ended, and a "marathon-style" bull market is expected under the shadow of tariffs.
The investment bank Evercore ISI pointed out that the latest market rebound marks the end of the bear market in 2025, but unlike in the past, this bull market will not accompany sharp rises, but will instead show a slow and volatile advance.
The U.S. Secretary of Commerce talks about "Trump tariffs": The base tariff rate of 10% will continue to exist!
① The Secretary of Commerce of the USA, Howard Lutnick, stated that the 10% base tariff rate on commodities imported from Other countries is likely to persist in the foreseeable future; ② Lutnick refuted the viewpoint that "American Consumers will bear the increased costs due to tariffs," insisting that businesses and the relevant countries will pay the price for it.
After Trump's "Liberation Day", the first wave of "hard data" from the USA is coming, will the inflation alarm ring again?
The latest data on inflation will be brought in the coming week, with the Consumer Price Index (CPI) being released on Tuesday and the Producer Price Index (PPI) being released on Thursday.
Tariff "stirring" intensifies the differentiation of U.S. bond yields, making it harder for the Federal Reserve to cut interest rates!
Short-term Treasury yield has decreased due to the market's expectations for the Federal Reserve to cut interest rates, however, the long-term Treasury yield, which is a key benchmark for economic financing costs, has instead risen. This suggests that even if the Federal Reserve lowers interest rates, long-term borrowing costs may remain high, weakening the effectiveness of rate cuts in stimulating the economy and increasing the difficulty of achieving a soft landing.
10-Q: Quarterly report
Trump Seeks Tax Hike on Those Making $2.5 Million or More
Federal Reserve's Barr warns: tariffs raise inflation and slow down the economy, the Federal Reserve may find itself in a dilemma.
1. Federal Reserve Board member Michael Barr warned that the trade policies of the Trump administration could raise inflation, slow economic growth, and increase unemployment, posing challenges for policymakers; 2. Barr believes that tariffs may disrupt global supply chains, creating sustained upward pressure on inflation and potentially exacerbating supply chain chaos.
Trump Team Hopes to Lower Tariffs in China Talks
Tariffs News: Trump Suggests China Tariffs Could Be Lowered
US Morning News Call | Trump Says Weekend China Talks Could Yield Tariff Cut
Express News | Dow Jones futures turn lower after President Trump suggests an 80% tariff on China "seems right".