US-China Trade Negotiations Restart in Washington | Markets Await Fed Chair Powell Speech
Published October 7, 2019
The United States and China will be going into this week’s trade talks with very dissimilar views on possible resolutions. Vice Premier Liu He, who will lead the Chinese delegation in high-level discussions that begin on Thursday, stated he would bring an offer that won’t include commitments on industrial policy or government subsidy reforms.
The Brexit story continues as consultations between the UK and the European Union have stalled, with EU leaders asking for significant changes to Prime Minister Boris Johnson’s plan, while he continues to insist that Britain will leave the bloc on October 31. The Bank of England is set to prepare emergency guidelines for a no-deal Brexit later this week.
US Federal Reserve Chair Powell will be speaking at a National Association of Business Economists conference in Denver this afternoon. Powell will have a number of growing macro risks to distinguish on, aside from a diminishing growth outlook and further evidence of slowing job growth.