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US Pres. Trump: Federal Reserve should get our interest rates down to zero

US President Donald Trump in the last minutes argued that the Federal Reserve should get the policy rate down to zero or even lower and should then start to refinance the debt.

"Interest cost could be brought way down, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet," Trump tweeted out.

"The USA should always be paying the lowest rate. No Inflation! It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of boneheads.”

The market ignored Trump's remarks and the US Dollar Index was last up 0.2% on the day at 98.52.

US: PPI inflation in focus – TD Securities

According to analysts at TD Securities, US PPI inflation is projected to be flat m/m in August, following a 0.2% increase in July. Key Quotes “The und
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OPEC cuts 2020 global oil demand growth forecast by 60,000 bpd amid economic slowdown

OPEC in its monthly report on Wednesday announced that it cut its forecast for 2020 global oil demand growth by 60,000 barrels per day to 1.08 million
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