It shouldn’t be controversial to believe the government shut down is ridiculous, politicians are grandstanding for personal gain, there are many people who need help affording food, and there is obvious abuse and fraud in the food stamp program.All four things can be true. ...

Core Viewpoint - Bond ETFs experienced a decline following Federal Reserve Chair Jerome Powell's indication that a rate cut in December is not guaranteed, which contradicted market expectations for a certain move [1][2]. Group 1: Federal Reserve Actions - The Federal Reserve lowered its benchmark federal funds rate by 25 basis points to a target range of 3.75% to 4% [1]. - Powell emphasized that a further reduction in the policy rate at the December meeting is not a foregone conclusion, highlighting differing views within the committee [2]. Group 2: Market Reactions - Following Powell's comments, futures markets reduced expectations for a December rate cut, with the probability dropping to about 66% from around 90% [2]. - Yields surged in response, with the 2-year Treasury yield increasing by 11 basis points to 3.6%, the 10-year yield rising by 9 basis points to 4.07%, and the 30-year yield climbing by 7 basis points to 4.6% [3]. Group 3: Bond ETFs Performance - The iShares 20+ Year Treasury Bond ETF (TLT) fell by 1%, while the iShares 7–10 Year Treasury Bond ETF (IEF) decreased by 0.65% [3]. - The 10-year yield has remained near 4%, reflecting a bounce off this key level as investors processed Powell's remarks [3]. Group 4: Economic Considerations - Powell noted ongoing risks related to inflation and employment, mentioning the government shutdown as a challenge to the Fed's data-driven approach [4]. - Despite Powell's cautious stance, markets anticipate approximately three additional rate cuts between now and mid-2026, with future moves dependent on economic data [5].

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- Federal Reserve officials delivered their second consecutive interest-rate reduction to support a softening labor market, and said they would stop shrinking the central bank’s portfolio of assets on Dec. 1. In their post-meeting statement, Fed policymakers on Wednesday repeated their assessment that “job gains have slowed” and said “risks to employment rose in recent months.” Off ...

Government Funding & Policy - Over two dozen states are suing the Trump administration to maintain funding for SNAP benefits, which impacts over 40 million Americans [1] - The Department of Agriculture indicated SNAP benefits may stop on Saturday [1] - President Trump stated his administration is working to find a way to fund the SNAP program during the shutdown [1] - Democratic and Republican Senators are co-sponsoring a bill to keep SNAP funded during the shutdown [2] Economic Impact - The report mentions the S&P 500 winners and losers, indicating a focus on market performance [3] - The discussion includes paying air traffic controllers, highlighting potential impacts on transportation and related industries [2]

I I want to begin with that last meeting that you had in the Oval Office, which was about this government shutdown. Hasn't been a meeting since. There's been no attempt to solve the problem since by Donald Trump or the Republicans.And Donald Trump taunted you with that hat and you you cut to today and there's Speaker Johnson trying to end this subject, trying to make it clear that there's absolutely no possibility uh of Donald Trump running for third term. while Donald Trump still plays that game publicly. ...

Today, Senator Jackie Rosen introduced a resolution condemning the president's reported $230 million demand from the Justice Justice Department, excuse me, as restitution for the federal investigations into him. Rosen tried to pass the resolution by unanimous consent. Republican Senator Rick Scott objected.Here's Senator Rosen's response. By blocking my resolution, Washington Republicans are saying that they approve of Donald Trump paying himself a multi-million dollar settlement using taxpayer dollars. Mil ...

Panic is setting in across the country as programs that keep nearly 42 million Americans fed are set to lose funding in just four days. >> I'm only down to one pack of chicken and I don't even know what I'm going to do for the next months. My son won't have his milk and we won't have food.I'll go without eating or anything as long as my kids eat. >> SNAP isn't a luxury. It's a necessity.Everything comes from my SNAP benefits. I haven't even gotten to the 1 of November and I'm already shaking in my boots. >> ...

I'm afraid because as it is my social security is very minimal. I'm afraid that I won't be able to afford those so-called lower grocery prices that he promised. I'm afraid for others. I I am afraid for the children. I am afraid for seniors who are older than me.He's the president. He's supposed to be in it for the good of the people, not for him and his oligarchs. >> Hi there everyone.It's now five o'clock in New York. It is a rather devastating indictment and snapshot of life in Donald Trump's America as a ...

I'm Joe Frier. >> And I'm Savannah Cers. Thanks for starting your Monday with us. We are going to begin this morning and this week in Japan where President Trump arrived just a few hours ago. He is set to meet with several Japanese leaders before heading to South Korea on Thursday. >> On the calendar there, President Trump's highly anticipated meeting with Chinese President Xiinping. Tensions between the world's two largest economies have risen since the president threatened an additional 100% tariff on Chi ...

All you need to know about the US government shutdown as it heads into its fourth weekFollow live: https://t.co/636h7yx8m2 ...