Global Economic Shifts: Fed Holds Steady, Bank of England Poised for Rate Cut, and U.S.-China Trade Talks

In today's episode, we delve into the Federal Reserve's decision to maintain interest rates amidst economic uncertainty, the Bank of England's anticipated rate cut in response to global trade disruptions, and the high-stakes U.S.-China trade talks in Switzerland. Join us as we explore the implications of these developments on consumers, businesses, and the global economy. Sources: https://www.cbsnews.com/news/trump-fed-rate-cut-jerome-powell-may-7-fomc-meeting/ https://www.bankrate.com/banking/federal-reserve/fed-meeting-live-updates-may-7-2025-interest-rate-decision/ https://www.federalreserve.gov/monetarypolicy/files/monetary20250507a1.pdf https://www.federalreserve.gov/newsevents/pressreleases/monetary20250507a.htm https://www.foxbusiness.com/economy/federal-reserve-interest-rate-decision-may-2025 https://www.independent.co.uk/news/uk/home-news/interest-rate-uk-bank-england-mortgages-inflation-b2746642.html https://moneyweek.com/economy/live/uk-interest-rates-may-bank-of-england-meeting https://timesofindia.indiatimes.com/business/international-business/bank-of-england-may-cut-interest-rates-by-0-25-amid-tariff-tensions/articleshow/120981811.cms https://www.oecd.org/content/dam/oecd/en/data/insights/statistical-releases/2025/5/consumer-prices-oecd-05-2025.pdf https://www.fxstreet.com/news/boe-expected-to-cut-interest-rate-to-425-despite-inflation-remaining-above-objective-202505080600 https://www.oecd.org/en/data/insights/statistical-releases/2025/05/consumer-prices-oecd-updated-7-may-2025.html https://commonslibrary.parliament.uk/research-briefings/sn02794/ https://tradingeconomics.com/euro-area/inflation-cpi https://www.semafor.com/article/05/07/2025/us-china-trade-talks-to-be-held-in-switzerland-as-trade-war-intensifies https://www.youtube.com/watch?v=8KGM04i07lw