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MARKETS LIVE BLOG:

STOCKS CLIMB AS RATE-HIKE FEARS FADE, WITH APPLE ON DECK

Bitcoin rebounds to US$59,000 following record ETFs outflow

Trump says looking at possible U.S. tax cuts

Reuters
Updated

WASHINGTON (Reuters) - President Donald Trump on Tuesday said his administration was looking to cut U.S. taxes, but he was not talking about doing anything at this moment.

Trump added that he was always looking at a payroll tax cut, and that a lot of people would like to see it. The Washington Post has reported the administration is considering a temporary payroll tax cut to boost the U.S. economy.

(Reporting by Steve Holland; Writing by Lisa Lambert; Editing by Rosalba O'Brien)