Headlines discussed at LNWM’s Monday morning briefing:
— The US postponed additional tariffs on Chinese imports, slated for March 1, as trade talks progressed.
— Fed Chairman Powell noted recent signs of strain on the US economy and reaffirmed cautious monetary policy.
— US manufacturing expectations fell in Feb. to lowest level in 2 years, but still remain in expansionary mode.
— US companies are moving some production out of China into other countries to hedge against ongoing trade conflicts.
— North Korea and the US failed to reach agreement about Korean nuclear disarmament; US sanctions to continue.
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