Australia’s economy is not taking a direct hit from the trade wars, but its central bank is reacting — a sign of how interlinked the world has become. Source: NYT > Business – Jeanna Smialek
Fed Was Divided About Interest Rate Cut
Fed officials were split in their decision over whether to cut rates and by how much. Source: NYT > Business – Jeanna Smialek
Global Stocks Slide After China Lets Currency Dip, Raising Tensions With U.S.
Tension between the world’s largest economies ratcheted higher, adding to concerns about the global economy. Source: NYT > Business – The New York Times
China Hints at Weaponizing Its Currency, Rattling Markets
Beijing’s willingness to let the renminbi weaken could signal a new phase in the U.S.-China trade war that might ripple through the global financial system. Source: NYT > Business – Alexandra Stevenson
China Hints at Weaponizing Its Currency, Rattling Markets
Beijing’s willingness to let the renminbi weaken could signal a new phase in the U.S.-China trade war that might ripple through the global financial system. Source: NYT > Business – Alexandra Stevenson
Echo Trump’s Tough Talk, or Lift Tariffs? Democrats Clash Over Trade
Though presidential candidates appearing at a debate on Tuesday generally favored a strong approach to China, they differed over whether protectionism was the way forward. Source: NYT > Business – Alan Rappeport