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Commenting on the latest inflation data during an interview with Fox Business, White House economic advisor Larry Kudlow said that slowing inflation was opening the door for Fed rate cuts.  

Key quotes (via Reuters)

  • Tariff and non-tariff barriers, IP  theft and technology transfer are all on the table for China trade talks.
  • There will be a much clearer picture on where China trade deal stands at end of next two-week period.
  • The White House is still behind Moore for the Fed.
  • USMCA is in reasonably good shape for passage.
  • Issues remain in North American trade pact but White House is optimistic about it.
  • Trump has not made up his mind on whether to support a higher fuel tax as part of an infrastructure package.