Bloomberg Daybreak: US Edition Daybreak Weekend: Fed Decision, Trump UK Visit, BOJ Policy
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Sep 12, 2025 Lee Clasgow, a Senior Analyst at Bloomberg Intelligence, dives into FedEx's challenges and corporate earnings, shedding light on industry trends amidst economic shifts. Ellen Milligan, Bloomberg's political correspondent, discusses the implications of President Trump's visit to the UK, navigating internal party tensions and public protests. Mia Glass, an expert on Japan's economy, analyzes the Bank of Japan's upcoming policy decisions following a key political resignation, providing insights on market dynamics and future expectations.
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Fed Likely 25bp Cut With Unclear Path
- The Fed will likely cut 25 basis points but won't rush larger cuts due to lingering inflation concerns.
- Markets will watch guidance on the path beyond September for surprises that move prices.
Services, Not Goods, Are Driving CPI Moves
- Recent CPI showed services inflation driving the upside more than goods, posing a different policy challenge.
- The Fed may avoid firm guidance on October and December until more data clarify service-price dynamics.
Treat The Jobless Claims Spike With Caution
- Jobless claims ticked higher but require caution because seasonal adjustment around Labor Day can distort the series.
- Persistent rises would trouble the Fed's labor mandate, but one-week moves need confirmation.