February 23, 2026
United States:
Fed’s Waller Says March Rate Call Depends on Labor Market
Federal Reserve Governor Christopher Waller said his decision on whether to support an interest-rate cut at the US central bank’s next policy meeting will hinge on upcoming labor-market data.
Waller said it may be appropriate to keep rates steady when the Federal Open Market Committee next meets March 17-18 if labor market data for February indicate, as in January, that downside risks to the labor market have diminished.
Europe:
EU Set to Halt US Trade Deal Approval Over Trump Tariff Risk
The European Union is poised to freeze the ratification process of its trade deal with the US and is seeking more details from President Donald Trump’s administration on its new tariff program.
The main political groups in the European Parliament say they’ll suspend legislative work on approving the trade deal on Monday, days after the US Supreme Court struck down Trump’s use of an emergency-powers law to impose his so-called reciprocal tariffs around the world.
Asia:
Xi Gains Leverage Before Trump Summit After Tariff Reversal
Chinese President Xi Jinping is heading to the negotiating table with Donald Trump with a boost in bargaining power, after the US leader lost his ability to quickly raise tariffs for nearly any reason.
Weeks before Trump lands in Beijing on March 31, the first trip by an American president since his last visit in 2017, the Supreme Court invalidated his broad emergency tariffs — a key point of leverage over China. That’s eliminated Trump’s second-term levies on China and left Beijing facing the same 15% global fee applied to US allies, a rate that comes with a 150-day expiry date.
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