US Pres. Trump: Fed needs to be proactive and cut interest rates

Eren Sengezer FXStreet

US President Donald Trump crossed the wires in the last minutes arguing that the Fed needs to be proactive and cut interest rates. Regarding the tax cuts, Trump said his administration is looking at possible options. "We are always looking at payroll tax," Trump added and noted that the US was 'very far' from a recession.

Hopes of tax cuts seem to be helping the US Treasury bond yields to recover from its lowes. At the moment, the 10-year T-bond yield is still down 2.45% on the day and the US Dollar Index is down 0.2% at 98.17.

Regarding the US-China trade dispute, Trump repeated that he is not yet ready to make a deal with China.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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