Bloomberg Daybreak: US Edition Daybreak Weekend: Fed Decision, Cybersecurity Conference, China Eco
Dec 5, 2025
Stuart Paul, a U.S. economist, shares insights on the upcoming Fed decision and market expectations for interest rate cuts. Jordan Robertson, a senior cybersecurity reporter, discusses rising threats in critical infrastructure and the growing visibility of ransomware, particularly among young hackers. Eric Zhu, a Bloomberg economist focused on China, delves into the country’s deflationary pressures and hints at a flexible growth target, while outlining potential stimulus measures to stabilize the economy.
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Markets Price An Imminent Fed Cut
- Markets expect a Fed rate cut this week after weak private and official data confirmed cooling.
- Stuart Paul warns the main Fed debate will be messaging and divergent 2026 dots rather than whether to cut now.
Roster Shift Will Drive Fed Division
- The Fed's voting roster will shift and likely increase division over policy next year.
- That makes identifying individual dots and regional hawks crucial for 2026 outlooks, says Stuart Paul.
Use Powell's Press Conference To Calibrate
- Watch Chair Powell's post-decision press conference for clues about the Fed's pace of cuts next year.
- Position portfolios for a likely quarterly cadence of 25bp cuts unless new leadership signals faster easing.