Overseas Headlines – July 28, 2025

July 28, 2025

United States:

Fed Is Set for Contentious Debate as Investors Eye Fall Rate Cut

 

Federal Reserve officials are determined to hold interest rates steady a little while longer, though an increasingly contentious debate at this week’s policy meeting may bolster expectations for rate cuts in the fall.

 

Fed Chair Jerome Powell is under intense pressure from President Donald Trump and his allies to reduce borrowing costs and may face multiple dissents this week from officials who want to provide support to a slowing labor market.

 

https://www.bloomberg.com/news/articles/2025-07-27/fed-is-set-for-contentious-debate-as-investors-eye-fall-rate-cut?srnd=phx-markets

 

 

Europe:

EU Defends US Trade Deal in Face of Mounting Business Criticism

 

European capitals defended the trade deal struck with President Donald Trump, which will see the European Union accept a 15% tariff on most of its exports to the US while reducing levies on some American products to zero.

 

European Commission President Ursula von der Leyen, who met with Trump in his golf club in Turnberry, Scotland, on Sunday, hailed the agreement for the stability and predictability it will offer businesses and consumers.

 

https://www.bloomberg.com/news/articles/2025-07-28/eu-welcomes-pause-in-us-trade-fight-while-seeking-better-terms

 

 

Asia:

US, China Start Talks in Sweden Eyeing Trade Truce Extension

 

US and Chinese officials kicked off two days of talks aimed at extending their tariff truce beyond a mid-August deadline and hashing out ways to maintain trade ties while safeguarding economic security.

 

Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent are leading the delegations through Tuesday in Stockholm — their third meeting in less than three months.

 

https://www.bloomberg.com/news/articles/2025-07-27/us-china-negotiators-meet-in-stockholm-to-extend-trade-truce

 

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2025-07-28T09:03:21-05:00