Bloomberg News Now October 29, 2025: Trump-Xi High Stakes Talks, Fed Caution On December Cut, More
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Oct 30, 2025 High-stakes talks between Trump and Xi take center stage, focusing on trade agreements and tariff negotiations. The Fed cuts rates but remains cautious about future moves, sparking discussions. Big Tech earnings are in the spotlight, showcasing cloud growth and AI investments from Microsoft, Meta, and Alphabet. Meanwhile, Trump prepares to nominate Ryan Bash to the FTC, and the Toronto Blue Jays secure a big win in the World Series. Tune in for insights on these pressing issues!
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High-Stakes Trump‑Xi Trade Talks
- President Trump and Xi Jinping are meeting in South Korea to negotiate a trade framework linking rare-earth export controls, soybean purchases, and tariff reductions.
- The talks aim to trade policy concessions for resumed purchases and eased export restrictions, signaling pragmatic bilateral bargaining.
Fed Cuts But Signals Caution On December
- The Federal Reserve cut its key interest rate by 25 basis points but warned December cuts are not guaranteed and policy is not on a preset course.
- Fed members showed split views, with one favoring a half-point cut and another preferring no cut, highlighting policy uncertainty.
Factor Fed Divisions Into Portfolio Plans
- Recognize divergent Fed views when planning fixed‑income and rate‑sensitive strategies due to dissents and mixed dot projections.
- Adjust expectations for additional easing and keep cash allocations flexible until clearer guidance emerges.