STOCKHOLM (Reuters) -Swedish home appliances maker Electrolux said on Thursday profit more than doubled in the third quarter as its North America business kept recovering and managed to mostly compensate for higher U.S. trade tariff costs. The group, whose brands also include Frigidaire and AEG, said operating profit rose to 890 million crowns ($94.5 million) from a year-earlier 349 million on organic sales growth of 5%, mainly driven by double-digit organic sales growth in North America. Analysts had on ...

Core Viewpoint - The Federal Reserve's decision to cut rates is viewed as a mistake, with inflation remaining significantly above the target, necessitating higher rates instead [2][3][5]. Group 1: Federal Reserve's Actions - The Fed is perceived to have stopped hiking rates prematurely, which is considered a misstep [2][3]. - The current inflation rate is at least 50% above the Fed's target, indicating a need for higher interest rates [2]. - The Fed's balance sheet remains at $6.7 trillion, which is significantly larger than the $4 trillion at the end of QE3, suggesting ongoing debt monetization [4]. Group 2: Market Reactions - The market reacted negatively to the Fed's rate cut, with a notable flattening of the yield curve, particularly in the two-year and ten-year bonds [7][9]. - Long-term interest rates are expected to rise following the rate cut, as the bond market does not believe inflation will return to the 2% target [14][15]. - The price of gold is projected to increase significantly due to the anticipated decline in the dollar's value and the Fed's easing stance on inflation [13][16]. Group 3: Future Expectations - There is speculation that the December rate cut may be the last for a while, as dissenting opinions within the Fed indicate a shift in future policy [8][12]. - The end of quantitative tightening (QT) is seen as a precursor to a potential return to quantitative easing (QE) [16].

RT Carl ₿ MENGER ⚡️🇸🇻 (@CarlBMenger)Every empire dies following the same pattern: military overreach, reckless spending, currency debasement, inflation, lost trust until collapse.Each time, rulers thought this time is different. They were wrong, every single time. Prepare accordingly. https://t.co/G1zrsLONbo ...

Group 1: Bank of Japan's Monetary Policy - The Bank of Japan (BoJ) has decided to maintain its short-term policy interest rate at 0.5%, marking the sixth consecutive meeting without a change [2][9] - Speculation about a potential rate hike to 0.75% before year-end has diminished, particularly after the election of Prime Minister Sanae Takaichi, who is seen as favoring looser fiscal policy [3][9] - Investors are closely monitoring statements from BoJ Governor Kazuo Ueda for indications on future monetary policy adjustments, while the BoJ continues to signal gradual normalization through ETF and J-REIT sales [3][9] Group 2: European and US Market Performance - European stock markets opened positively, with the EuroStoxx 50 up 0.4% and Germany's DAX gaining 0.5%, reflecting cautious optimism among investors [4][5][9] - US futures for Nasdaq and S&P 500 showed slight gains ahead of the market open, following a mixed close on Wednesday, with Nasdaq 100 reaching a record high [6][7][9] - Federal Reserve Chair Jerome Powell has tempered expectations for further interest rate cuts in December, despite a recent 25 basis point reduction [7][9] Group 3: Starbucks' Strategic Moves - Starbucks is nearing a deal to sell a partial stake in its China business, valued at approximately $5 billion, aiming to attract new investors while retaining a meaningful minority stake [12][13] - The decision comes as Starbucks faces increased competition in China, with its market share declining from 34% in 2019 to 14% in 2024 due to local low-cost chains like Luckin Coffee [13]

Former Australia central bank Governor Philip Lowe said that inflation data this week “has spoken” and policymakers are likely to keep the cash rate unchanged for a period to assess the economy https://t.co/oQiHwuhoU4 ...

Bond ETFs tumbled on Wednesday after Federal Reserve Chair Jerome Powell signaled that another rate cut at the December FOMC meeting isn’t guaranteed, contradicting market expectations for an almost certain move.As widely anticipated, the Fed lowered its benchmark federal funds rate by 25 basis points to a target range of 3.75% to 4%. But Powell struck a more cautious tone about the path ahead.“In the committee’s discussions at this meeting, there were strongly differing views about how to proceed in Decem ...

And absent all of the data that the Fed would usually have, um, what have policy makers been doing. >> So, there are private sector gauges, gauges of consumer confidence, gauges of industrial activity, gauges of where the jobs market is at. Uh, there are um those private sector indicators that the Fed is lean on, which is useful.They they did of course get all important inflation data last week which was the one data release that the government effectively greenlighted because it's important for the social ...

Market Trends & Monetary Policy - The Federal Reserve (Fed) implemented a 025% rate cut, aiming to lower short-term borrowing costs [1] - The Fed might not cut rates again next month, leading to market fluctuations [2] - Consumer spending on larger purchases, vacations, and dining out is declining due to job security concerns and inflation [2] Technology & AI Impact - Artificial intelligence (AI) is causing job anxiety, with Nvidia ($5 trillion market cap) being the focal point [4] - Nvidia is viewed as an intellectual engine that can enhance productivity and reduce costs [5] - Companies should recognize AI's potential to improve productivity and enable creation at lower costs [5] - Individuals need to adapt to AI to avoid being left behind [6] Market Performance - The Dow Jones Industrial Average (Dow) decreased by 74 points [3] - The S&P 500 ended with a minimal decrease [3] - The NASDAQ Composite still gained 055% [3]

Market Performance - Nasdaq closed in the green, while the S&P was nearly unchanged and the Dow was down more than 70 points [1] - Nvidia became the first company to hit a $5 trillion valuation, up nearly 15% in the last five trading sessions [1] - Adidas shares dropped more than 10% due to weak sales in North America [1] - Gold settled back above $4,000 but pulled back in the last few hours [1] Federal Reserve (The Fed) Actions and Stance - The Fed cut interest rates by a quarter point, bringing the new range to 375 to 4% [4] - Fed Chair Powell signaled a more neutral stance on a December rate cut, disappointing markets [4] - Traders are pricing in a 30+% chance that rates will remain unchanged at the central bank's final meeting of 2025 [3] - The probability of a rate cut in January rose from 42% to 80% after the press conference [5] - Two descents occurred during the vote: one wanted a 50 basis point rate cut, and the other favored no rate change [7] Economic Indicators and Concerns - The Fed noted reasonably strong economic growth and a booming stock market [6] - The Fed is assessing whether it has taken out enough insurance against a potential weakening in the job market [9] - Inflation is still high, and core PCE is going up [15] - The market may be overly optimistic about future rate cuts, as the Fed indicated that unless data weakens meaningfully, they are not cutting in December [14]

In the near term, risks to inflation are tilted to the upside and risks to employment to the downside. A challenging situation. There is no risk-free path for policy as we navigate this tension between our employment and inflation goals.Our framework calls for us to take a balanced approach in promoting both sides of our dual mandate. With downside risks to employment having increased in recent months, the balance of risks has shifted. Accordingly, we judged it appropriate at this meeting to take another st ...