What to know:
- Beijing is contemplating a monetary stimulus, perhaps a little financial waltz, to soften the blow of President Trump’s tariffs on their economy. 💃
- Goldman Sachs, ever the optimist, predicts a delightful 130 basis points in Fed rate cuts for 2025, while the Reserve Bank of Australia is expected to join the party with four rate cuts. 🎉
Word on the street is that Beijing is having a chinwag about front-loading monetary stimulus to counter the rather disruptive impact of President Donald Trump’s tariffs on their economy, as reported by the ever-reliable Trade The News. Oh, the drama! ðŸŽ
This news comes hot on the heels of Trump declaring he won’t entertain a trade deal with China unless the trade deficit is sorted out. Meanwhile, financial markets are having a bit of a meltdown, with bitcoin tumbling below $80K since Trump decided to play the tariff card last Thursday. Talk about a trade tension soap opera! 📉
Goldman Sachs, in a fit of optimism, now expects a total of 130 basis points in Fed rate cuts for 2025, up from a rather modest 105 basis points just last week. And let’s not forget our friends down under, as the Reserve Bank of Australia is expected to deliver four rate cuts. Cheers to that! 🥂
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2025-04-07 08:40