News

Trading Day: Tariff truce a market 'game changer'

Relief and optimism coursed through world markets on Monday, putting a fire under stocks, the dollar and bond yields as U.S.-China tariff talks struck a surprisingly cooperative chord and raised hopes that the worst of the global trade crisis is over. In my column today I look at the Fed's more cautious, reactive approach to policymaking than many of its peers, who are cutting interest rates. U.S. and China reach deal to temporarily slash tariffs,easing slump fears 2.