Bloomberg Daybreak: Europe Edition Daybreak Weekend: Fed Decision, Cybersecurity Conference, China Eco
Dec 5, 2025
Stuart Paul, a U.S. economist with Bloomberg Economics, dives into the odds of a Federal Reserve rate cut and the implications of the upcoming dot plot. Jordan Robertson, a senior cybersecurity reporter, highlights the surge in ransomware attacks and the challenges of state-sponsored espionage. Eric Zhu, an economist focusing on China, discusses the country's deflationary pressures and the outlook for stimulus options. Together, they explore how these economic and cybersecurity issues may shape the landscape moving forward.
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Fed Cut Priced In But FOMC Division Looms
- Markets expect a Fed rate cut this week and recent private data supported that view.
- Stuart Paul warns the bigger issue is growing division in the FOMC and what the dot plot signals for 2026.
Roster Changes Matter More Than Chair
- The FOMC voting roster will shift and bring more hawkish regional presidents into voting roles next year.
- That roster change makes rapid consensus on big rate cuts unlikely regardless of the next Fed chair.
Watch Powell For Forward Guidance
- Expect markets to focus heavily on Powell's press conference for guidance on next year's cutting pace.
- Watch for signals about Q1 cuts and whether the Fed will aim for a quarterly cadence of 25bp moves.