Introduction:
In this episode, we delve into the latest developments shaping global markets and trade. Mortgage rates in the US have fallen to a three-year low, driven by expectations of a Federal Reserve rate cut, yet experts warn that rates could rise unexpectedly after the announcement. Meanwhile, the US has imposed hefty 50% tariffs on Indian goods over India’s ongoing Russian oil purchases, but high-stakes trade talks underway in Delhi offer hope for a breakthrough. Across the Atlantic, the UK’s efforts to remove a 25% tariff on steel exports to the US have been indefinitely delayed, deepening challenges for British steel producers and raising concerns about protectionism and inflationary pressures. Join us as we unpack these complex economic and trade dynamics and their impact on markets worldwide.
Content and Timestamp:
00:00:32 Mortgage Rates Hit 3-Year Low Ahead of Fed Meeting, But a Reversal Looms
00:05:07 India and US Resume Trade Talks Amid Tariff Tensions
00:10:52 UK's Hopes for Zero Tariffs on Steel Exports to US Dashed Indefinitely
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