Bloomberg Daybreak: Europe Edition Fed Cuts As Jobs Weaken, Trump's Royal Banquet, Disney Suspends Kimmel
10 snips
Sep 18, 2025 Valerie Tytel, a sharp markets reporter, dives into the latest moves by the Federal Reserve, which has cut interest rates amidst political pressures. She discusses the Bank of England's concerns about bond market volatility and its quantitative tightening. The conversation shifts to King Charles III's royal banquet with Donald Trump emphasizing defense and environmental issues. Tytel also touches on the fallout from Disney's decision to suspend Jimmy Kimmel Live! amid controversy and ongoing anti-austerity protests in France.
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Fed Cut Reflects Labour Market Risks
- The Fed cut rates by 25 basis points after weaker job growth and pressure from the White House.
- Policymakers face trade-offs as tariffs and uncertain inflation complicate future cuts.
BoE To Slow Gilt Sales Amid Volatility
- The Bank of England may slow gilt sales to ease bond-market volatility by trimming QT from £100bn to ~£70bn a year.
- Markets expect rates to hold at 4% while the Bank manages long-end gilt liquidity.
Royal Ceremony At Windsor Castle
- King Charles III praised US support for Ukraine during a lavish state banquet with President Trump at Windsor Castle.
- The visit included ceremonial events like troop inspection, carriage rides, and wreath-laying.