Colombian inflation slowed more than expected last month, easing pressure on policymakers to start increasing interest rates https://t.co/EjAF81Ucz2 ...

Core Viewpoint - Charlie Garcia addresses reader concerns regarding money management and interest rates, emphasizing the importance of understanding current financial conditions and their implications for personal finance [1] Group 1: Financial Concerns - Readers express anxiety about the impact of rising interest rates on their savings and investments, highlighting a need for clarity in financial planning [1] - Garcia reassures readers that while interest rates are increasing, there are still opportunities for growth in various investment avenues [1] Group 2: Investment Strategies - The article suggests that individuals should consider diversifying their portfolios to mitigate risks associated with fluctuating interest rates [1] - Garcia recommends staying informed about market trends and adjusting investment strategies accordingly to optimize returns [1]

Canada had yet another head-scratcher of a jobs report, but it was so strong that it has altered traders’ bets on 2026 interest rates. Read more in the Canada Daily newsletter. https://t.co/qBFgY7W6SI ...

Economic Indicators - The University of Michigan's December 1-year inflation expectations eased to 4.1%, down from 4.5%, marking the smallest increase in 11 months [2] - The September core PCE price index rose by +0.3% month-over-month and +2.8% year-over-year, aligning with expectations [3] - Personal spending in September increased by +0.3% month-over-month, while personal income rose by +0.4%, exceeding expectations of +0.3% [3] Stock Market Performance - Stock indexes rose on Friday, with the S&P 500 reaching a 5-week high, the Nasdaq 100 hitting a 1-month high, and the Dow Jones Industrial Average achieving a 3-week high [5] - The S&P 500 Index closed up by +0.19%, the Dow Jones by +0.22%, and the Nasdaq 100 by +0.43% [6] - Market sentiment is optimistic due to favorable economic outlook and expectations of Fed rate cuts, with a 95% chance of a -25 basis point cut at the next FOMC meeting [6] Corporate Earnings - Q3 earnings for S&P 500 companies rose by +14.6%, significantly surpassing expectations of +7.2%, with 83% of companies exceeding forecasts [7] - Rubrick reported Q3 total revenue of $350.2 million, above the consensus of $320.5 million, and raised its 2026 revenue forecast to $1.28 billion [13] - Ulta Beauty's Q3 net sales reached $2.86 billion, exceeding the consensus of $2.71 billion, prompting an increase in its full-year sales forecast [14] Notable Stock Movements - Micron Technology and GlobalFoundries saw gains of more than +4% and +3% respectively, contributing to overall market strength [11] - Netflix's acquisition of Warner Bros Discovery for approximately $72 billion led to a +6% increase in Warner Bros Discovery's stock [15] - Parsons Corp experienced a significant decline of more than -21% after losing a contract for a new air traffic control system [17]

📊NEW: Polymarket users are now predicting a 94% chance that the Fed will cut rates on Tuesday. https://t.co/YZy6PDaKkR ...

But our next guest says based on the data the Fed should not cut rates next week. Torson SLock is the chief economist over Apollo Global Management. Torston, thanks for being with us right now.Take us through the case as to why the Fed needs to hold steady. >> Well, if you look at the incoming data, for example, we had a lot of discussions here now about a month ago of course of Triricolor and First Brands and whether the credit cycle was about to get worse. But if you look at the actual numbers for default ...

The Canadian dollar rose the most since May and yields on the nation’s debt jumped as surprisingly strong employment data triggered bets that the Bank of Canada will raise interest rates next year https://t.co/6r5DxolH6e ...

Core Viewpoint - The Federal Reserve's management of interest rates is crucial for balancing economic stimulation and inflation control, impacting consumer spending and stock prices [3]. Interest Rate Management - The Fed adjusts the federal funds rate to influence inflation and unemployment, affecting banks' cost of capital and subsequently the rates consumers pay on loans [2]. - Stable interest rates typically do not lead to significant stock price changes, but investor expectations can cause volatility if they diverge from the Fed's decisions [4][5]. Economic Implications - Leaving interest rates unchanged indicates a strong economy, but there is a risk of inflation returning, which could negatively impact stock prices [3]. - Corporate profits, influenced by interest rates and consumer spending, are the primary drivers of stock prices [9]. Portfolio Adjustments - Investors should reassess their portfolios based on current interest rate expectations and economic conditions, considering long-term strategies over short-term adjustments [6][7][8]. - Maintaining a steady portfolio through economic cycles can be beneficial if the current strategy is effective [8].

30-year mortgage rates have dropped to their lowest level since October 2024. With the Fed expected to act soon, is it smarter to wait or lock in your rate now? https://t.co/kzNzq2rVuJ ...

Core Viewpoint - Wall Street executives and corporate CEOs are making a final attempt to dissuade President Trump from appointing Kevin Hassett as the next chairman of the Federal Reserve, but they are not optimistic about their chances of success [1][2]. Group 1: Hassett's Qualifications and Support - Hassett is viewed favorably by Trump, who has a strong preference for him due to their long-standing relationship, with Hassett previously serving as head of the Council of Economic Advisers [2][3]. - He has a PhD in economics from the University of Pennsylvania and has experience in think tanks and the Federal Reserve [3]. Group 2: Concerns from Wall Street - Critics argue that Hassett lacks the independence that bond markets expect from a Fed chair, viewing him as too political and too willing to align with Trump's economic agenda [4][5]. - There are concerns that Hassett may prioritize growth and lower interest rates over controlling inflation, which is a critical aspect of the Fed's dual mandate [5][6]. - His credibility with the Federal Reserve staff is questioned, as he is perceived as a pawn of the White House, which could complicate his ability to implement necessary interest rate cuts [6][19]. Group 3: Potential Market Reactions - A significant reduction in short-term interest rates, as desired by Trump, could be interpreted by bond traders as inflationary, potentially leading to higher long-term interest rates [8]. - The impact of rising interest rates could make mortgages and loans less affordable, which may negatively affect the stock market, reminiscent of past market reactions to political decisions [10].