{"id":175,"date":"2019-06-06T17:09:44","date_gmt":"2019-06-06T21:09:44","guid":{"rendered":"https:\/\/buymuni.com\/?p=175"},"modified":"2020-06-08T10:32:43","modified_gmt":"2020-06-08T14:32:43","slug":"ifr-markets-could-trump-be-setting-a-trap","status":"publish","type":"post","link":"https:\/\/buymuni.com\/?p=175","title":{"rendered":"[IFR Markets] Could Trump Be Setting A Trap?"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"674\" src=\"https:\/\/buymuni.com\/wp-content\/uploads\/2019\/06\/2019-Trump-1024x674.jpg\" alt=\"\" class=\"wp-image-183\" srcset=\"https:\/\/buymuni.com\/wp-content\/uploads\/2019\/06\/2019-Trump-1024x674.jpg 1024w, https:\/\/buymuni.com\/wp-content\/uploads\/2019\/06\/2019-Trump-300x198.jpg 300w, https:\/\/buymuni.com\/wp-content\/uploads\/2019\/06\/2019-Trump-768x506.jpg 768w, https:\/\/buymuni.com\/wp-content\/uploads\/2019\/06\/2019-Trump-1200x790.jpg 1200w, https:\/\/buymuni.com\/wp-content\/uploads\/2019\/06\/2019-Trump-850x560.jpg 850w, https:\/\/buymuni.com\/wp-content\/uploads\/2019\/06\/2019-Trump-480x316.jpg 480w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Photo by Win McNamee\/Getty Images<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">On Thursday, IFR Markets&#8217; Duncan Balsbaugh hypothesized that President Donald Trump could be setting a trap for the Federal Reserve, leading on Mexican negotiators only to terminate negotiations at the last minute, thereby forcing the Fed&#8217;s hand to cut rates in the June 19 meeting to avoid a 10% tariff at the end of June.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Trump has pushed for a rate cut for some time, and may view the current trade impasse as a winnable game of chicken with Chairman Powell and hawkish Fed governors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The conspiracy theory goes: following a rate cut, Trump could easily reverse position and agree to a Mexico deal, which the President could pivot to positive momentum ahead of  negotiations with China at the G-20 summit in June 28-29 in Osaka.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> The Associate Press reported earlier today that U.S. and Mexican officials were negotiating furiously to avert the initial 5% import tariff set to trigger on Monday, but President Trump said a \u201clot of progress\u201d must still be made to  stem the flood of Central American migrants at America\u2019s southern border. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>IFRMarkets.com delivers IFR\u2019s unique real-time commentary and analysis on rates, credit and FX, around the globe, 24 hours a day.  Subscribe at www.ifrmarkets.com.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Contact Kyle Skinner at KS@BuyMuni.com.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, IFR Markets&#8217; Duncan Balsbaugh hypothesized that President Donald Trump could be setting a trap for the Federal Reserve,&#8230;<\/p>\n","protected":false},"author":5,"featured_media":183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[38,40,39],"tags":[],"class_list":["post-175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-federal-reserve","category-rates","category-trade","wpcat-38-id","wpcat-40-id","wpcat-39-id"],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"jetpack_featured_media_url":"https:\/\/buymuni.com\/wp-content\/uploads\/2019\/06\/2019-Trump.jpg","_links":{"self":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=175"}],"version-history":[{"count":2,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/175\/revisions"}],"predecessor-version":[{"id":186,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/175\/revisions\/186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/media\/183"}],"wp:attachment":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}