Deal or No Deal? Scott Bessent Says China Is Ready to Make a Trade Pact
In recent remarks, Treasury Secretary Scott Bessent revealed that the People’s Republic of China may be ready to reach a trade agreement with the United States — a development that carries significant implications for global markets and the Federal Reserve’s monetary stance.
Is China’s Manufacturing Sector Finally Turning a Corner?
China’s latest Purchasing Managers’ Index (PMI) brought cautious optimism to markets. The official PMI came in at 49.8 for September, higher than forecasts of 49.6, and marking the strongest reading since March.