Beijing praises the decision while President Trump says he is not a fan. A focusson says now on his cabinet lineup. And plans for structural reform. Are seeing a lot of investors sticking by the sidelines, a quiet session in the u. S. Overnight. Wall street hanging out to see what further guidance we get from the fed after their decision. A great chunk of investors will be waiting for more details as to the revamp inflation target. We are seeing futures trading flat. This after we saw u. S. Stocks rising. The s p seeing a Third Straight session of gains. For a change, we saw gains across tech, outweighing the decline we saw across financials. Treasury yields at the dollar end of the day, where they started. We are seeing the likes of the dollaryen holding steady, this as we look set to see the appointment of yoshida suda as the new japanese Prime Minister. As well as hearing more about whether we will see continuity across his cabinet appointments. We are watching at to see if another
But as the ukraine war drags on, western countries, especially the us, are starting to think that it might be better to lessen their dependence on china as well, which has made everything for us, from beach balls to Nuclear Power stations. Almost unnoticed by the outside world, President Biden has been pushing ahead with wide ranging plans to replace chinese goods with American Made ones. The bbc s economics editor, faisal islam, has been investigating the extent of this new America First policy. I was astounded by the scale and the speed of the transformation in terms of the deployment of public, government, Taxpayer Subsidy into Strategic Industries, particularly green industries. Theres so much money going in that its transforming the economic fabric of a whole belt of america. We used to talk about the rust belt. They are now talking about a battery belt. It sounds rather sort of roosevelt years, doesnt it . Yes, and theres some conscious echoes of that. Indeed, where i was in kent