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"Discussing tariffs in the absence of discussing standards is a useless exercise," Ross said, characterizing his Tuesday meeting with Malmstrom on the state of EU-US trade relations. "Both are protectionist."

"Employers are becoming more selective in their hiring decisions, and focusing greater attention on soft skills, culture fit and aptitude for ongoing learning. Various new technologies and heightened consumer expectations continue to bring about unparalleled changes across retail banking, which indicates transformation within the sector is far from complete," he said.

"Everybody will have their eyes on the Russell 2000 because people begin to think small-cap US companies, that aren't subject to the winds of international trade negotiations, is the right place to hide out," said Michael Antonelli, managing director, institutional sales trading at Robert W. Baird in Milwaukee.

"Exploring the new market here was quite difficult for us 10 years ago, as the flights between China and Russia used to serve only businesspeople. But with the opening of the Russian tourism market and strengthening Sino-Russian ties, most of our passengers are tourists from both countries," Zhang said.

"Despite this robust economic backdrop and our expectation for healthy growth, we have seen developments that may signal some softening, relative to what we were expecting a few months ago," Fed Chairman Jerome Powell said Wednesday at a press conference.