A high-stakes meeting between US President Trump and Chinese President Xi Jinping is closely watched for signs of stability amid escalating geopolitical friction. Market strategist Shaun Rein highlights the summit’s significance, noting that while trade and AI are key, the West Asia crisis may dominate discussions due to US reliance on China’s diplomatic leverage.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend