Let me start with I did agree with the decision. I thought it was appropriate to take another bit off the policy rate. We have an economy that has been remarkably resilient, really weathered so many different things, and still consumers continue to spend.Businesses continue to invest. We continue to have good growth, but we still have inflation printing above our 2% target. And we need to get that down is gradually coming down, but is still too high.And importantly, we have a labour market that relative to ...

The crypto market saw a sharp correction on Nov. 3 after Federal Reserve official Austan Goolsbee said his threshold for cutting in December is higher than at previous meetings, dampening investor hopes for another round of monetary easing. “I’m not decided going into the December meeting,” Goolsbee said Monday in an interview with Yahoo Finance. “I am nervous about the inflation side of the ledger, where you’ve seen inflation above the target for four and a half years, and it’s trending the wrong way.” ...

Interest Rate Decisions - The Federal Reserve cut rates by 0.25% [1] - The Bank of Japan kept interest rates steady [1] - The Bank of Canada has cut rates for the second consecutive time [2] - The ECB left rates unchanged, having already cut rates by 2% this year [3] Economic Outlook - The market is pricing in a high probability of a rate cut in December [1] - Signs of a slowing labor market and continued pressure on consumer prices are present [1] - Trade uncertainty is a key driver for the Bank of Canada's rate cuts [2] - Uncertainty about the economic outlook remains elevated across various regions [3] Regional Economic Performance - The Japanese economy has so far weathered the hit from higher US tariffs [1] - Corporate profits, business sentiment, and capex plans are holding up in Japan [1] - The Bank of Canada is dealing with higher than anticipated inflation [2]

Core Points - The dollar index is slightly higher due to a rise in the 10-year T-note yield and comments from Fed Chair Powell regarding interest rate cuts [1] - The US manufacturing PMI report was weaker than expected, contributing to bearish sentiment for the dollar [1][4] - Fed Governor Miran expressed concerns about the current restrictive monetary policy, suggesting it may be too tight [2] - The ongoing US government shutdown is putting pressure on the dollar, with a significant chance of interest rate cuts anticipated [3] - The Eurozone manufacturing PMI remained stable, while the ECB is not expected to cut rates further, contrasting with the Fed's anticipated cuts [5] Summary by Category Dollar Index and Interest Rates - The dollar index (DXY00) is trading slightly higher by +0.06%, supported by a +2.5 basis point rise in the 10-year T-note yield [1] - Markets are pricing in a 66% chance of a 25 basis point cut in the fed funds target range at the next FOMC meeting on December 9-10 [3] Manufacturing Data - The October ISM manufacturing index fell by -0.4 points to 48.7, below expectations [4] - The final-October S&P US manufacturing PMI was revised slightly higher by +0.3 points to 52.5, exceeding market expectations [4] Central Bank Commentary - Fed Governor Miran stated that the Fed's current policy is too restrictive and does not see a reason for maintaining such a stance [2] - The ECB is perceived to have completed its rate-cut cycle, contrasting with the Fed's expected rate cuts [5]

Earnings Overview - A total of 135 companies in the S&P 500 and 25 in the NASDAQ are set to report earnings this week, with significant names including AMD, Uber, and Lyft [1][3][5] - The earnings from the MAG seven companies were mostly positive, with Meta Platforms being a notable exception due to concerns over capital expenditure elasticity [5] Economic Data - Key economic data releases include ISM and PMI manufacturing indices, scheduled for 9:45 and 10:00 AM Eastern, and ADP private payroll data on Wednesday [2][6] - The market anticipates a 67% chance of a rate cut in December, while the likelihood for a January cut stands at 23% [7] Company-Specific News - Ken View, a spin-off from Johnson & Johnson, is facing challenges related to Tylenol, which has affected its stock price [9] - Tesla is preparing for a vote on Elon Musk's pay package, which is tied to aggressive performance targets [10]

Group 1 - Political decisions, particularly under President Trump's leadership, have introduced a new level of unpredictability in the markets, causing concern among Americans regarding the security of their finances [1] - Financial planners emphasize the importance of having a goals-based financial plan to navigate economic uncertainty, which helps manage both long-term objectives and day-to-day cash flow [3][4] - The Trump administration's tax reforms, including the One Big Beautiful Bill Act (OBBBA), offer various tax breaks that are set to expire soon, prompting the need for individuals to act quickly to benefit from these provisions [5][6] Group 2 - Recent interest rate cuts by the Federal Reserve may indicate the beginning of an easing cycle, but inflation remains unpredictable due to tariff policies and potential changes in consumer prices [6][7] - Inflation expectations have cooled recently, but ongoing tariff pressures and tax policy changes could lead to increased costs for goods and services, making it crucial for individuals to stay informed and adjust their financial strategies accordingly [7]

Hong Kong dollar-denominated bond issuance has lost momentum following a record month, as high local interest rates eroded borrowing appetite https://t.co/nQG1dg8NK1 ...

Economists unanimously expect the Reserve Bank will keep rates at 3.6% at its Nov. 3-4 meeting, a Bloomberg survey showed, after consumer prices surged beyond expectations. https://t.co/EdUxwOKUjj ...

BREAKING: 🇺🇸 Fed Governor Waller says the Federal Reserve should cut interest rates again in December 2025. https://t.co/Yo54LlZYEC ...

JUST IN: 🇺🇸 Governor Waller calls for the Federal Reserve to cut interest rates again in December https://t.co/U9Z0MvIBvT ...