Fed Rate Cut Signals Strategy Shift; Trump & Xi Ease Trade Tensions
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 30 October 2025
⏱️ 29 minutes
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Summary
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Bloomberg Surveillance hosted by Paul Sweeney & Norah MulindaThursday, October 30th, 2025
1) Joe Davis, Chief Economist and Global Head of Investment Strategy at Vanguard, shares his outlook for US rate policy following the Fed's second rate cut of the year.
2) Heidi Crebo-Rediker, Adjunct Senior Fellow at Council on Foreign Relations, on the state of US-China trade relations following Thursday's Trump-Xi meeting in South Korea.3) Adam Farstrup, Head of Multi-Asset, North America at Schroders, discusses US growth on the heels of strong earnings and policy support.
4) Meghan Robson, Head of US Credit Strategy at BNP Paribas, on why recent spread widening and investor risk aversion present a tactical buying opportunity.
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Transcript
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| 0:52.9 | demand wherever you get your podcasts or watch us live on YouTube. |
| 0:57.6 | Joe Davis joins us here, Global Chief Economist and Global Head of Investment Strategy, |
| 1:01.4 | a little shop down there in Philadelphia called Vanguard. |
| 1:03.9 | Joe, what did you make of Fed Chairman J. Powell's comments about rate policy, |
| 1:09.1 | maybe the December meeting? |
| 1:10.4 | What was your takeaway from yesterday? |
| 1:11.6 | Well, I think he's trying to really thread a needle. I mean, we've clearly downshifted on the labor market. Not all of it is because of weaker demand, but you got inflation sticky. And in a third factor that I don't think, you know, they're talking enough about, but probably will. And that is the prospect of asset price inflation. You look at the equity market. So I think I think they're talking enough about but probably will and that is the prospect of asset price inflation you look at the equity market so I yeah I think |
| 1:31.1 | they're trying to feel away here in a in a data blind spot so what about that |
| 1:35.6 | dual mandate we're talking about inflation you know the stabilization of |
| 1:38.5 | prices but then also maximum unemployment or maximum employment rather how |
| 1:42.9 | are you viewing this right now well again i you know |
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