Fed's Austan Goolsbee said a lack of inflation data during the government shutdown makes him more uneasy about continuing interest-rate cuts https://t.co/oWdnUxea3T ...

Core Viewpoint - Major central banks are nearing the end of their rate-cutting cycles, with some, like the U.S. Federal Reserve and Bank of England, having room for further easing [1] Group 1: Central Bank Actions - The Swiss National Bank has maintained its key rate at 0% since June, with inflation unexpectedly falling to 0.1% in October, which is not expected to lead to negative rates [2] - The Bank of Canada cut rates to 2.25%, the lowest in over three years, but signals that further cuts are unlikely [3] - Sweden's Riksbank held its policy rate at 1.75%, indicating stability unless inflation and growth outlooks change [4] - The Reserve Bank of New Zealand cut rates by 50 basis points to 2.5%, with potential for another cut in late November, complicated by inflation at the top of its target band [5] - The European Central Bank held its main deposit rate at 2% for the third consecutive meeting, with traders pricing in less than a 50% chance of further easing by July 2026 [6] - The U.S. Federal Reserve executed a 25 basis point cut but indicated uncertainty in future cuts due to data gaps from the government shutdown, with a reduced probability of a December cut [7][8] - The Bank of England voted 5-4 to keep rates unchanged at 4%, with a potential cut in December following the government's budget announcement [10]

ConocoPhillips raised its total spending plans for the Willow oil and natural gas project in Alaska to as much as $9 billion, citing inflation and other rising costs https://t.co/k3NY5W652W ...

Czech policymakers kept interest rates unchanged for a fourth straight meeting as uncertainty over the next government’s budget plans compounds inflation worries https://t.co/FrHO7kgks3 ...

Core Viewpoint - The Bank of England (BoE) has decided to maintain the benchmark Bank Rate at 4.0%, with a narrow 5-4 vote, indicating potential for a rate cut following the upcoming government budget [1][2][3] Monetary Policy Committee (MPC) Insights - The MPC's decision reflects concerns over weaker economic demand, while the risk of persistent high inflation has decreased [2] - Governor Andrew Bailey noted that inflation risks have shifted downwards, but emphasized the need for further evidence before making any changes [3][5] - Deputy Governors Sarah Breeden and Dave Ramsden were among the minority advocating for a rate cut [3] Inflation and Economic Outlook - Current inflation in the UK stands at 3.8%, the highest among the G7 economies, with the BoE's rate being double that of the European Central Bank [4] - The MPC believes inflation has peaked and is expected to decline in the coming months due to weakening economic growth and job market conditions [5] - The BoE forecasts that inflation will remain above the 2% target until Q2 2027, although it anticipates a slight decrease to 1.9% at that time [6]

Core Points - The Bank of England has maintained its key interest rate at 4%, breaking a pattern of quarterly rate cuts that began in August 2024 [2][3] - Inflation in the U.K. has increased to an annual rate of 3.8% for three consecutive months through September, up from 2.6% in March, primarily driven by government policy rather than consumer demand [5][6] - The decision to keep rates unchanged was made after a tight vote within the Monetary Policy Committee, reflecting differing views on inflation and the cooling jobs market [4][6] Economic Context - Other European central banks have also kept their key rates unchanged, but the Bank of England indicated that further cuts are likely in the coming months if inflation trends towards the 2% target [3] - The recent rise in inflation in the U.K. mirrors trends seen in the U.S., where inflation has also increased due to factors like higher tariffs [5][6] - The cooling jobs market in the U.K. suggests that inflation may ease by 2026, despite the current acceleration in prices [5]

Core Insights - Retirement can be financially secure, but common mistakes may jeopardize boomers' savings [1][3] Group 1: Common Cash Flow Mistakes - Underestimating inflation and over-relying on Social Security can deplete savings faster than anticipated [3] - Not timing IRA tax withdrawals can lead to increased tax liabilities as retirees age [4][5] - Failing to develop a tax strategy before retirement can result in costly long-term consequences [6] Group 2: Tax Strategies - Retirees should consider withdrawing from IRAs in low tax years to minimize tax liabilities [4][5] - Delaying required minimum distributions (RMDs) can push retirees into higher tax brackets later [6] - Keeping taxable income too low early in retirement may prevent advantageous Roth IRA conversions [6]

Inflation & Economy - UK inflation remains significantly higher than the 2% target [1] - Bank of England Governor Andrew Bailey indicates UK economic activity is below its potential [1] - Inflation could be "sticky", suggesting persistent inflationary pressures in the UK [1]

The Bank of England left its key interest rate unchanged Thursday, slowing but likely not ending a series of reductions in borrowing costs, as inflation remains stubbornly high despite a weak economy and a cooling jobs market https://t.co/0glZcj91Zr ...

So, the Wall Street Journal editorial board argues in a new piece, Trump really was on the ballot. And it reads in part, quote, "President Trump on Wednesday blamed Tuesday's Republican election defeats on the government shutdown and the fact that he wasn't on the ballot. " If he really believes this, the GOP is heading for bigger problems in 2026. Mr.. Trump was on the ballot, not literally, but nonetheless, as the main motivating force behind a dominating Democratic turnout. The electorate gave Mr.. Trump ...