Treasury Secretary Steve Mnuchin tried to ease fears of a currency war at the G-20 meeting, confirming the Fed’s independence, and saying that the government would not intrude.
Trump insisted on Tuesday that the U.S. is “doing great” with the “best financial numbers on the planet”. Stronger-than-expected economic growth would support the Fed’s plans to continue with gradual rate hikes.
The economic data agenda will get underway again on Thursday with weekly jobless claims and durable goods orders for June.
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