Bloomberg Daybreak: Europe Edition No Putin-Zelenskiy Meeting, Waller Sees Sept Cut, Reform Lures Lobbyists
Aug 29, 2025
James Walcock, a UK politics reporter for Bloomberg, discusses the unlikely prospect of a meeting between Presidents Zelenskiy and Putin amidst ongoing tensions in Ukraine. He also highlights Federal Reserve Governor Christopher Waller's call for interest rate cuts and the implications for the market. Interestingly, lobbyists are flocking to Reform UK's upcoming conference, signaling its growing status as a political force under Nigel Farage, which could shake up the established political landscape in the UK.
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Zelenskiy-Putin Meeting Unlikely
- German Chancellor Friedrich Merz says a Zelenskiy-Putin meeting is highly unlikely despite Trump's push.
- Merz tied the impossibility to ongoing deadly Russian airstrikes that terrorize Ukraine and damage EU facilities.
Europe Triggers Iran Sanctions Snapback
- France, Germany and the UK referred Iran to the UN to trigger a 30-day snapback of sanctions.
- They argued Iran failed to negotiate with the US or allow inspectors back, risking its NPT membership and inspection access.
Waller Backs September 25bp Cut
- Fed Governor Christopher Waller would support a 25bp cut in September and left open larger moves if growth weakens.
- He said a half-point cut could be considered if employment and inflation data point to substantial deterioration.