Business Rundown: U.S. and China Agree to ‘Framework’ on a Trade Deal

The Federal Reserve meets tomorrow, when policymakers will decide whether to reduce interest rates again. A 25-basis-point cut is widely expected, despite a near blackout of federal economic data due to the ongoing government shutdown.

Also this week, President Trump will have a high-stakes meeting with Chinese President Xi to discuss a possible trade deal. Over the weekend, Treasury Secretary Scott Bessent announced that the countries have agreed to a basic framework and that the threat of 100% tariffs has been eliminated.

Ryan Payne, The President of Payne Capital Management, joins FOX Business’ Lydia Hu to preview he big week ahead and why investors are optimiistic about the two big meetings this week