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Fed Eyes Two More Rate Cuts This Year, Trump to Meet Keir Starmer | The Opening Trade 9/18

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September 18, 2025

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Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year. Chair Jerome Powell pointed to growing signs of weakness in the labor market to explain why officials decided it was time to cut rates.

At Chequers, UK Prime Minister Starmer and Donald Trump will address a reception and fireside chat with executives from key British and American companies, including GSK, Microsoft and Rolls Royce. Newly installed UK Foreign Secretary Yvette Cooper and US Secretary of State Marco Rubio will also have a bilateral at Chequers at the same time.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Valerie Tytel.

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Federal ReserveChair Jerome PowellDonald TrumpGSK MicrosoftRolls Royce NewlyUS SecretaryState Marco RubioThe Opening Trade

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