Fed Expected to Cut Rates Amid Trump's Asia Tour

As President Trump continues his Asian tour, the US Federal Reserve is widely expected to cut interest rates following lower-than-expected inflation data. The dollar strengthened against the yen, ahead of a key meeting with Chinese President Xi Jinping in South Korea to finalize a trade framework.


Fed Expected to Cut Rates Amid Trump's Asia Tour

The following describes the inflation of indicators, which were influenced by the previous period, the Federal Reserve System (FED) is forced to cut key percentage rates, and the American value has fallen against the Japanese yen and the Swiss franc.

In this regard, the yen has fallen to a record low against the dollar, which has led to a depreciation of the Japanese currency on the foreign exchange market. This happened due to the dovish policy of the Bank of Japan: the Japanese value has fallen to all-time lows against the euro and the Swiss franc.

At this meeting, the FED Donald Trump plans to meet with Chinese leaders and the Chinese President in South Korea. The main subject of discussion with the leaders of the two countries will be the conclusion of new trade agreements, which were proposed by this president.

However, the sides will resolve the important issues of multilateral trade between the two countries and the economic issues.