US-China trade agreement takes little pressure off Fed to cut rates
Slowing global economy and businesses still putting off spending hampers bank
New York/Helsinki — An agreement by the US and China to return to the negotiating table on trade is doing little to relieve pressure on the Federal Reserve (Fed) to cut interest rates.
The two countries agreed on Saturday to resume trade talks after President Donald Trump offered concessions to his Chinese counterpart, Xi Jinping, when the two met at the sidelines of the Group of 20 summit in Japan. As part of their latest agreement, Washington promised no new tariffs and an easing of restrictions on Huawei Technologies. (https://www.businesslive.co.za/bd/world/americas/2019-07-01-trump-move-to-ease-huawei-sanctions-sparks-anger-and-confusion/) China agreed to make unspecified new purchases of US farm products and return to the negotiating table...