Digest | 29 May 2025
- Edward von der Schmidt
- May 30
- 4 min read
Equities registered modest gains amid quiet trading on Thursday. An appeals court upheld reciprocal tariffs - for now - and the US administration sought potential workarounds to reinforce President Trump's signature economic initiative. While US-China trade talks, US-Iran nuclear negotiations, and Russia-Ukraine dialogue stalled, a US proposal for a 60-day ceasefire in Gaza gained momentum. Fed officials highlighted the importance of tariffs (or lack thereof) in determining the path for near-term monetary policy. At the White House, Fed Chair Powell reasserted the central bank's independent decision process.