Biden and Xi Meet But Tensions Remain as Fed Weighs More Rate Hikes While Oil Prices Drop
- Biden met with Xi Jinping but no major breakthroughs were reached
- They pledged to stabilize US-China relations but rifts on economic and security issues remain
- Investors worried Fed may not be done with interest rate hikes to curb inflation
- US retail sales fell less than expected in October
- Oil prices declined after Biden-Xi meeting