Kudlow Tempers Trade Hopes with US-China Trade Comment

Larry Kudlow, director of the National Economic Council, dampened expectations about any major breakthroughs coming from U.S.-China trade negotiations next week.



Kudlow spoke with CNBC’s “Squawk on the Street ” on Friday.

Kudlow also cheered the strength of the U.S.economy after the release of stronger-than-forecast growth data. The U.S. economy grew by 2.1% in the second quarter, topping expectations, the Commerce Department said.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza