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US Treasury Secretary Bessent: Trump and China’s President Xi will continue discussions on Iran at a summit later this month.
After the producer price index release, fed fund futures were indicating about a 70% probability of a rate hike next week. Headline PPI was 0.4% versus 0.4% consensus, while core PPI was 0.2% versus 0.3% consensus.
Former Secretary of State Mike Pompeo is urging the U.S. to stop Beijing’s imports of Iranian crude before Xi Jinping visits Washington on Sept. 24.