Topcuoglu Says Fed Bias to Cut Is 'Very Low'

The transcript discusses the assumptions and risks of a trade deal, focusing on the US and China's economies. It highlights the impact of trade on the US economy, CEO confidence, and investments. The shift in China's economy from infrastructure to consumer focus is noted, along with the role of the Fed in the context of the trade war. The Fed's independence from political and market pressures is emphasized, considering the potential impact on monetary policy and economic stability.

What are the implications of the economic data from the United States as mentioned in the text?

In what ways might the trade war affect emerging markets?