Hassett, director of the National Economic Council of the United States, accepted an interview with Fox News. Host Jimmy De asked whether Trump would consider suspending tariffs for 90 days. Before answering, Hassett said "Yep" in response, and then said: I think the president will make his decision... Even if you think there will be some negative impact on trade, it only accounts for a small part of GDP. The financial blog Zero Hedge explained that the market seemed to misunderstand the meaning of "Yep" as agreement, but his "Yep" was just to indicate that he heard the question clearly. (Jinshi)
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The market misunderstood the reason why Trump "surrendered": it mistakenly understood the modal particle as an affirmative sentence
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Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.
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yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
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