Kudlow: "We've gotten closer" on a US-China trade agreement

Comments from Larry Kudlow

• Fed target rate should be lower
• China trade talks continuing, lots of progress being made
• US and China considering 'visitation exchange' as part of trade talks
• Says he's 'cautiously optimistic' on a trade deal with China

We've heard it all before. The market has priced in a deal and I think the trade will be to 'sell the fact'.