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Fed may cut rates if inflation keeps disappointing: Bullard

HONG KONG (Reuters) – Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bullard, President of the Federal Reserve Bank of St. Louis, said on Wednesday. James Bullard, president of the Federal Reserve Bank of St. Louis, speaks before…

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China ready for further U.S. trade talks, ambassador says

WASHINGTON/BEIJING (Reuters) – Beijing is ready to resume trade talks with Washington, China’s ambassador to the United States Cui Tiankai said, as a top U.S. business lobby in China said nearly half its members are seeing non-tariff barrier retaliation in China due to the trade war. FILE PHOTO: China’s ambassador to the…

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In Fed policy review, labor may finally win out over inflation

MINNEAPOLIS (Reuters) – At 2.3 percent, Minneapolis’ jobless rate seems impossibly low, even with national unemployment at a 50-year trough. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo But that doesn’t mean full employment in North Minneapolis, where job advocate Tony Tolliver…

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Asia stocks grapple with trade anxiety even as Huawei gets reprieve

TOKYO (Reuters) – Asian stocks struggled for traction on Wednesday, as relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about an intensifying trade war between the world’s two largest economies. FILE PHOTO: Pedestrians walk past a stock quotation board displaying stock prices outside a…

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Asian stocks off four-month lows, but Huawei row weighs

TOKYO (Reuters) – Asian shares won some respite on Tuesday after Washington temporarily eased trade restrictions imposed last week on China’s Huawei, although fears of a further escalation in tensions kept investors on edge. FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei share average outside…

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U.S. garlic growers profit from trade war as most farmers struggle

GILROY, California (Reuters) – Unlike millions of other U.S. farmers, garlic growers are profiting from the trade war with China and have cheered President Donald Trump’s latest economic attack accordingly. Ken Christopher holds a garlic plant at Christopher Ranch in Gilroy, California, U.S., March 29, 2019. Picture taken March 29, 2019. REUTERS/Lucy…

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