The US Federal Reserve, chaired by Jerome Powell, confirmed on Wednesday that it was holding interest rates. Photo: Reuters
US economic outlook and Fed interest rate cut rest on Donald Trump’s meeting with Xi Jinping, analysts say
- The two world leaders are set to meet at the G20 summit next week in Osaka, Japan next week to discuss the ongoing US-China trade war
- US Federal Reserve opted to hold interest rates this month, but if the US levies tariffs on US$300 billion of Chinese imports, they could be forced to react
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US-China trade war: All stories
The US Federal Reserve, chaired by Jerome Powell, confirmed on Wednesday that it was holding interest rates. Photo: Reuters
Negotiating teams meeting at the White House in Washington ahead of trade talks in February. Photo: Reuters
China and US negotiating teams scramble to make a plan for Xi Jinping and Donald Trump’s G20 Osaka summit
- China, US trade teams may meet in Osaka as early as Tuesday, sources say, while top negotiators are set to speak on the phone ahead of the trip
- Negotiators have not spoken since the talks collapsed in early May but a call between Xi and Trump confirmed the meeting in Japan
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US-China trade war
Negotiating teams meeting at the White House in Washington ahead of trade talks in February. Photo: Reuters