Artjom Hatsaturjants, research analyst at Accendo Markets, said "market sentiment soured on President Trump criticising the Fed for hiking rates and threatening to go "whole hog" on imposing tariffs on all $500 billion of Chinese imports to the U.S., further inflaming global trade tensions and putting at risk central bank independence".
President Donald Trump said he's ready to hit all goods imported from China with tariffs, sending US markets sliding before the opening bell.
The president told CNBC that he is ready to place a tariff on every single Chinese good entering the U.S.in the latest salvo in what could quickly turn into an unprecedented trade war.
Breaking with tradition to avoid criticizing the Fed, Trump toldCNBC he's anxious that the central bank's policies will cancel out his efforts to speed up the economy.
Trump criticized the USA central bank in comments aired Thursday, saying its course of interest rate increases counteracted his efforts at growing the economy.
Its release follows the imposition on July 6 of tariffs on $34 billion of Chinese imports by the United States.
Trump also accused the European Union, China, and "others" of manipulating their currencies lower and creating an uneven playing field with the US. I don't necessarily agree with it because he's raising interest rates, I'm not saying I agree with it, and I don't necessarily agree with it, I must tell you I don't.
"Given what we know about Powell, we see little chance the President has gotten in his head", Feroli wrote in a note to clients.
But one JPMorgan economists thinks Trump's public desire for lower interest rates could actually backfire. I want them to do well.
During an interview with CNBC recorded Thursday, Trump said Fed Chair Jerome H. Powell's plan to continue gradually raising short-term rates was undermining the administration's efforts to spur economic growth.
The Fed has raised rates five times since Trump took office in January 2017, and has penciled in two more hikes for this year.
He wants the growth to continue and anxious that interest rate hikes will rein in investments.
"Likely result of presidential intervention is higher rates as Fed needs to assert its independence", Summers tweeted.
White House economic adviser Larry Kudlow blamed Chinese President Xi Jinping for a lack of progress in bilateral trade talks, saying that lower-ranking officials want a deal.
Later, in a statement, the White House said Trump respects the Fed's independence and is not interfering with its policy decisions.
Trump has ordered the Commerce Department to investigate whether auto imports pose a threat to US national security that would justify tariffs or other trade restrictions. The interview was taped Friday afternoon, and CNBC aired Trump's complaints about the Fed shortly after.
It was also the first time since November 2014 against Sri Lanka, that Kohli got out to spinners in three consecutive ODI innings. Instead Root and Morgan held back waiting to see if the ball would go for four. "It was just an absolute vehicle crash".
England were clinical in all departments and thoroughly deserved to win. "Against England you need to be at your best". There was no great celebration from the England side as the speed of Stokes' throw deceived everyone.
By Monday night, Amazon had addressed the majority of its tech issues, which impacted both the desktop site and mobile app. Shoppers took to social media to complain that they couldn't order any items.
But the big new character is of course Donna's mother Ruby, played drolly by Cher , who shows up on the island by helicopter. Half the film will be taken up in flashback to the life of young Donna, played by Lily James .
Trump also expelled dozens of Russian diplomats earlier this year in response to the poisoning of a former Russian spy in the U.K. I think the USA has been foolish. "We've all been foolish", he said, before veering into a discussion about his election victory.
Posting on Twitter, Mr Trump said people "who wanted to see a boxing match" were bothered by his rapport with Mr Putin . The sentence should've been, and I thought it would be maybe a little but unclear on the transcript ...
Bombarded with questions, the leaders laid out at the press conference where US-Russia relations were heading. Coats added that Russian Federation remains behind "ongoing, pervasive efforts to undermine our democracy".
Chelsea appoint Maurizio Sarri on three-year deal
However the lack of a top four finish and criticism over Chelsea's stodgy football did for the former Italy coach. Sarri becomes Chelsea's 13th permanent boss of Roman Abramovich's ownership, which began in June 2003.
Pogba teaches France President Macron how to DAB
Sports Minister Laura Flessel said on Europe-1 radio that the victory allows France's youth "to dare to believe in their dreams". World Cup, World Cup and more World Cup - that's all France is talking about.
Liverpool FC finally make £62m bid to sign Alisson Becker
Roma are considering the bid, a world record for a keeper, but no deal has been agreed and the Italian side are said to want £66m. Chelsea's interest depends on Thibaut Courtois' future, while Real Madrid have made the Belgian their main target.
Paul Pogba wants to join Cristiano Ronaldo at Juventus
The pundit has a penchant for criticising Paul Pogba , often singling out the Manchester United player for particular scrutiny. It was a lovely moment for France , who won their first World Cup since 1998, having lost a final 12 years ago to Italy.
World Cup host Putin gives Trump football made in Pakistan
On top of that, it was Croatia's Luka Modrić, and not France's Antoine Griezmann, who was given the honour of tournament MVP. The unfortunate Mario Mandzukic opened the scoring with an own goal, but finished things off with a strike at the right end.
France on top of the world again
France , which claimed the country's only World Cup title on home turf in 1998, will be playing in their third final in 20 years. Ignoring Croatian protests, Griezmann stroked the ball home in the 38th minute for his fourth goal of Russian Federation 2018.