Key TakeawaysThe US federal government shutdown entered its second day, with no immediate resolution in sight, impacting federal services and potentially leading to widespread layoffs.Rivian Automotive, Inc. (RIVN) exceeded Q3 delivery estimates with 13,201 vehicles but narrowed its full-year 2025 guidance, causing its shares to dip.Oil prices extended their slide for a fourth consecutive day amidst expectations that OPEC+ will further boost supplies and rising US crude inventories.The Supreme Court has tem ...

Indonesia’s finance minister has told friends and colleagues over the years that he doesn’t believe the central bank should be independent https://t.co/mykB1o8hH4 ...

The head of Germany's powerful Bundesbank has urged Europe to speak up in support of the U.S. Federal Reserve as its independence comes under repeated attack from U.S. President Donald Trump. ...

Well, first of all, thank you so much for having me. It's a it's a pleasure to be with you. Um, on the inflation side right now, I continue to be worried about where we are uh from from an inflation perspective.We've been missing our mandate on the inflation side, our our objective of 2% for more than four and a half years. And I continue to see that we have pressure in inflation both in the headline in the in the core. Um, and particularly where I'm worried about it is I'm seeing in services.So, a number o ...

Trade Policy Impact - President Trump announced new tariffs effective October 1, 2025, including 100% on imported branded pharmaceuticals, 25% on heavy-duty trucks, 50% on kitchen cabinets, and 30% on upholstered furniture, aimed at protecting domestic industries [2][3] - The pharmaceutical sector reacted variably, with domestic companies like Merck, Eli Lilly, and Johnson & Johnson seeing stock price increases due to exemptions for those investing in US manufacturing [3][4] - Asian pharmaceutical stocks, particularly Indian firms, faced declines, with Sun Pharma's shares dropping 5% and Biocon's by 3.3%, while the Nifty Pharma index fell 2.54% [4] Heavy-Duty Truck Industry - The 25% tariff on imported heavy-duty trucks negatively impacted European manufacturers like Daimler Truck, which could face a €700-800 million earnings hit, while American manufacturer Paccar Inc. saw stock gains of 5-7% [5] - Volvo Group, manufacturing all North American trucks domestically, also experienced stock price increases of nearly 3% [5] Kitchen Cabinets and Furniture - The 50% tariff on kitchen cabinets and 30% on upholstered furniture led to mixed market reactions, with domestic manufacturers like MasterBrand benefiting, while import-reliant retailers like RH and Williams-Sonoma suffered declines [6] Semiconductor Industry - A proposed policy requiring a 1-to-1 domestic-to-imported chip ratio boosted US chipmakers like Intel and GlobalFoundries, whose shares rose by 5.5% and 9% respectively, while Asian competitors saw declines of 2-6% [7] Market Reactions - The Dow Jones Industrial Average reached an all-time high of 42,313.00, while the S&P 500 and Nasdaq Composite experienced declines of 0.50% and 0.55% respectively [10] - Analysts noted that Trump's trade policy is seen as a tool for redistributing competitive advantage rather than a universal shock, leading to selective investment strategies [11]

Jeffrey Schmid Federal Reserve Bank of Kansas City President Jeff Schmid signaled the US central bank may not need to lower interest rates again soon, citing the need to keep bringing down inflation. Most Read from Bloomberg “I viewed the 25-basis point cut in the policy rate last week as a reasonable risk-management strategy,” Schmid said Thursday in prepared remarks for an event in Dallas. “That said, my view is that inflation remains too high while the labor market, though cooling, still remains lar ...

Gold is on track for its second-best performance in the last 50 years, trailing only the 1979 rally. After nearly three quarters, the yellow metal is up over 43%, as investors hedge against geopolitical and monetary risks.“If we really go to an overt fiscally dominant era where monetary policy is just looser than it otherwise should be, then you get the dollar losing some of its reserve status and then gold and bitcoin are on the other side of that trade,” Jurrien Timmer, Director of Global Macro at Fidelit ...

Economic Policy & Potential Risks - Surging debt and deficits pose a challenge [1] - Relentless attack on US central bank independence creates uncertainty [1] - Aggressive tariff policies, the most in almost a century, could disrupt markets [1] Market Outlook - Despite potential chaos, the bond market's reaction is unexpected [1]

President Trump’s pick to fill a vacant seat on the Federal Reserve’s Board reiterated his commitment to central bank independence at a confirmation hearing Thursday, pushing back on concerns from Democrats that he would merely do Trump’s bidding. https://t.co/udBnT4Ae4Z ...

Betting markets guess whether America’s central bank will keep its independence https://t.co/ru4VywwVdF ...