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