Recently, Scott Bessent indicated progress in crucial trade deals with major partners like India, Japan, South Korea, and Australia, aiming to bolster the US economy under President Trump's trade strategy. However, the lack of imminent deals has caused markets to plunge, exacerbated by Trump's critical remarks about Fed Chair Powell over interest rate decisions. Analysts like Dan Ives warn that without swift negotiations, the markets could face significant declines, contributing to economic instability and higher inflation risks, showcasing the precariousness of the current financial environment.
The White House needs trade deals done quick with a negotiation path established with China otherwise the markets, 10-year yield, USD, Gold, and the economy will head down their own diver
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