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Wall Street Edges Higher as Fed Rate Cut Decision Looms

U.S. stock futures were mixed but leaning higher on Monday as investors braced for a pivotal Federal Reserve policy meeting later this week. The Dow Jones Industrial Average futures rose about 0.2%, S&P 500 futures held near flat, and Nasdaq 100 futures dipped slightly after the tech-heavy index notched a fresh record last week. The rally has been fueled by growing expectations that the Fed will cut interest rates on Wednesday, with traders pricing in a 96% chance of a quarter-point reduction and a slim possibility of a larger 50-basis-point move. A cooling labor market — with unemployment at 4.3% and job growth slowing — has strengthened the case for policy easing. Tech stocks remain in focus, with Nvidia sliding over 2% after China’s antitrust regulator said the chipmaker violated competition laws. The news comes amid high-level U.S.-China trade talks in Madrid, adding a layer of geopolitical uncertainty to market sentiment. Despite the cautious tone, optimism around artifici...
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U.S. and China Seek Common Ground in Madrid as TikTok’s Fate Hangs in the Balance

 

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng pose during US-China trade and economic talks at Santa Cruz Palace, Spain’s main foreign ministry office, in Madrid, Sep 14, 2025. 


Senior U.S. and Chinese officials have opened a fresh round of high-stakes trade talks in Spain, with the future of TikTok emerging as a headline issue alongside tariffs and broader economic disputes.

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met with Chinese Vice Premier He Lifeng and top negotiator Li Chenggang at Madrid’s historic Palacio de Santa Cruz. The discussions mark the fourth meeting in as many months between the two sides, part of an effort to prevent their trade relationship from unraveling under President Donald Trump’s steep tariffs.

At the center of attention is a looming September 17 deadline for TikTok’s Chinese parent company, ByteDance, to divest its U.S. operations or face a nationwide ban. While a breakthrough deal is considered unlikely, officials and analysts expect the deadline to be extended for a fourth time, buying negotiators more space to address national security concerns and political sensitivities.

The Madrid talks are also seen as groundwork for a potential meeting between Trump and Chinese President Xi Jinping later this year, where more substantive agreements — from easing agricultural trade restrictions to resolving technology disputes — could be on the table.


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