Well... there is some Fed speak today after all
The Fed's Kaplan on an interview on FOXBusiness is saying:
- Spending is virtually on hold because of trade uncertainty
- Most businesses see competition with China going on for years
- He's optimistic USMCA will pass Congress
- Fed's policy setting is appropriate
- Will be watching to see if global weakness does continue and spreads
- Tariffs put sands in the gears, and makes manufacturing more challenging
