Speaking in an interview with Fox News, White House trade advisor, Peter Navarro, said that a Fed cut will make the economy stronger and that the Fed raised rates to fast.
Further comments:
- We have seen no inflation.
- China is burdening the burden of tariffs.
More to come…
FX implications:
A Federal Reserve rate cut is already priced into the markets, so the baring is really on trade sentiment. at this stage, the markets are predicting a protracted trade dispute between China and the US and this is supporting the flows into the CHF and JPY, and to some the Dollar as well.
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