The Latest Japan and European Union Trade Updates, Fed Outlook, and More

This week on Macrocast, the team breaks down President Trump’s newly announced trade deal with Japan, including the unusual creation of a direct foreign investment fund under presidential discretion. Meanwhile, Europe is pushing for its own trade deal but is also signaling that it’s prepared to impose tariffs if necessary. In Washington, the uneasy dynamic between President Trump and Fed Chair Powell was once again on display, prompting discussion about the Fed outlook and the possibility of future rate cuts.