The ongoing U.S.-China trade war is likely to bring down inflation in the U.S. economy, key sections of the financial market indicate, offering bullish cues to risk assets, including bitcoin (BTC). In his inaugural address on Jan. 20, President Donald Trump promised to “tariff and tax foreign countries to enrich our citizens,” and then fired […]
Treasury Secretary Howard Lutnick insists the U.S. economy is on solid footing despite concerns from Wall Street that a recession is in the cards. “Absolutely not,” he said on a Sunday edition of Meet the Press when asked if Americans should prepare for a downturn. “There’s going to be no recession in America,” he continued. […]