U.S. Economic News
October 7, 2019
U.S. News
Bloomberg reports that Chinese officials are signaling increasing reluctance to agree to a broad trade deal during this week’s round of trade talks, indicating that they are unwilling to discuss Chinese industrial policy reform or government subsidies. With key U.S. demands taken off the table, hopes for a comprehensive trade deal in the near term remain muted. Bloomberg
According to the Wall Street Journal, Kansas City Fed leader Esther George says she isn’t concerned about low inflation levels, which she views as part of normal, temporary fluctuations that do not warrant a policy response. Although George dissented against both quarter-point rate cuts earlier this year, she indicated that future policy adjustments may be necessary if data clearly point to a “broadly weaker economy.” WSJ