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In this video, Ira Epstein discusses the Federal Reserve's decision to cut interest rates by 25 basis points, emphasizing that the Fed refrained from guaranteeing another rate cut in December due to insufficient data, partly caused by the ongoing government shutdown. He highlights the internal disagreements within the Fed and the market's reaction to these developments.

Epstein also turns attention to the impending meeting between President Trump and President Xi, noting its potential impact on international trade relations, particularly in light of China's preemptive purchase of U.S. soybeans.

He advises caution in trading, stressing the significance of the meeting over the Fed's actions, and comments on the mixed state of foreign currencies and the S&P's performance.

Video Length: 00:11:54

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