Wall Street was set to open higher on Wednesday on hopes of a trade truce between the United States and China at the G20 Summit, while investors looked forward to Fed Chairman Jerome Powell’s speech for clues on the path of interest rate hikes.
While President Donald Trump talked tough ahead of a high-stakes meeting with China’s President Xi Jinping later this week, White House economic adviser Larry Kudlow on Tuesday held open the possibility that the two countries would reach a trade deal.
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