Just as Australia’s central bank was on track to meet its inflation and employment mandate, fresh data may suggest emerging headwinds that challenge the interest rate-setting board’s assumptions. https://t.co/cAmjzFdN1y ...

Economic Outlook - The upcoming week will feature significant inflation data from Australia, the euro zone, and purchasing manager indexes from China, alongside rate decisions in Chile and Colombia [1] - The Federal Reserve is expected to cut rates by a quarter point, with concerns about employment and inflation influencing this decision [2][8] - The Bank of Canada is also anticipated to reduce its benchmark rate to 2.25% despite recent positive inflation and job reports [10] Central Bank Actions - North America is likely to see major monetary policy actions, with the Federal Reserve and Bank of Canada both expected to implement rate cuts [5] - The Bank of Japan is predicted to maintain its current rate, while the European Central Bank is not expected to ease further at its upcoming meeting [4][17] - Chile's central bank may delay rate cuts due to persistent inflation above target levels, with potential cuts pushed to December [24] Regional Economic Indicators - In the euro zone, growth is projected to be minimal, with a forecast of just 0.1% growth in the third quarter, influenced by US tariffs [18][19] - Germany's Ifo business gauge is expected to show slight improvement, while France's growth is forecasted to slow to 0.2% in the third quarter [19] - In Asia, inflation and trade data will be crucial for assessing the region's recovery, with Australia and Japan's central banks closely monitoring price pressures [12][13] Trade and Political Developments - US President Trump's trade policies will be under scrutiny during his meetings with Asian leaders, particularly with Chinese President Xi Jinping [6] - Political instability in France may have limited immediate economic impact, but ongoing negotiations for a budget could affect market sentiment [20]

the destruction of the east wing of the White House. It was demolished to make space, of course, for President Trump's ballroom. It's a move that has sparked some backlash uh from Democrats, even from some Republicans.Former Republican Congressman Joe Walsh said this. I'm going to read you part of it. Quote, I will repeat this every single day for the next three years.Any Democrat running for president in 2028 must pledge to immediately tear down, bulldoze, demolish Trump's ballroom and fully restore the Ea ...

AI & Market Bubble - The AI sector is not in a bubble because Nvidia, a key AI chip maker, trades at 27 times forward earnings, cheaper than Costco (50 times) and Walmart (34 times) [1] - AI spending is accelerating as enterprises see payoffs, contrasting with past bubbles where absurd behaviors were prevalent [1][2] - The more people who yell bubble, it seems like the less likely we're in one [1] Valuation & Monetary Policy - Traditional valuation methods may not apply due to a "monetary premium" in stocks [2] - Stock valuations are dynamic; P/E ratios can rise even with rising nominal rates if earnings accelerate [2] - The 10-year bond at 4% implies a 25 P/E ratio, suggesting the bond market is expensive [2] Economic Data & Sentiment - The University of Michigan survey's inflation expectations are skewed due to a higher proportion of Democratic respondents, making the data potentially unreliable [4][5] - Prediction markets like Polymarket may offer better signals than traditional surveys for economic indicators [5] - The current stock rally is "the most hated," with the AAII net bulls index averaging -117%, similar to bear market years [15][16] Crypto & Blockchain - Crypto companies breaking into the mainstream often outperform their legacy counterparts; Tether is highlighted as an example [8] - Tokenized dollars (stablecoins) function better than traditional US dollars [8] - AI and robots are increasing the use case for crypto [4] Bitmine & Ethereum - Bitmine aims to acquire 5% of the Ethereum supply; it currently holds 323% million ETH [25] - Bitmine's primary strategy is to hold Ethereum as a treasury asset and benefit from staking rewards [26][28] - Ethereum is in a super cycle similar to Wall Street in 1971, with potential for significant price appreciation; a target of $21000 per token is mentioned [32] Future Trends - Sovereign security, longevity, and Generation Alpha are potential new super cycles to watch [3] - Embodied AI and humanoid robots are part of the global labor supplier theme [3] - Taxing robotic activities through micropayments could replace lost tax revenue from human labor [4]

Welcome back. And joining me now is Democratic Senator Ruben Ggo of Arizona. Senator Ggo, welcome to Meet the Press. >> Good morning. >> Thank you so much for being here. Let's start where I left off with the Treasury Secretary and the shutdown, federal workers have now missed their first full paycheck. Democrats are demanding that any deal to reopen the government include an extension of those Obamacare subsidies, which are set to expire at the end of the year. Early enrollment starts November 1st. Senator ...

I do want to ask you about something that has gotten a lot of attention nationwide, the destruction of the east wing of the White House. It was demolished to make space, of course, for President Trump's ballroom. It's a move that has sparked some backlash uh from Democrats, even from some Republicans.Former Republican Congressman Joe Walsh said this, I'm going to read you part of it. Quote, I will repeat this every single day for the next three years. Any Democrat running for president in 2028 must pledge t ...

And joining me now is Treasury Secretary Scott Bessant traveling with President Trump in Malaysia. Secretary Bessant, welcome back to Meet the Press. >> Kristen, good to be with you. >> Well, it is wonderful to have you. You are there uh meeting with your Chinese counterparts ahead of President Trump's planned meeting with President Xi of China. Mr.. Secretary, do you believe that China is ready to make a trade deal? >> Uh Kristen, I can tell you they are because we just finished two days of negotiations an ...

Chapter 7 bankruptcy will not erase student loans, tax debt, alimony or child support. It is the most common type of bankruptcy, and allows people to keep essential possessions. It typically takes four to six months from filing to discharge.Bankruptcy is an option when you are facing serious financial difficulties. Chapter 7 bankruptcy is a way to legally discharge unsecured debt, such as credit card debt, medical debt and personal loans, by a court order from a bankruptcy court.In a Newsweek report on the ...

Core Insights - Gold prices experienced significant volatility, surging over 50% year-to-date to nearly $4,400 per ounce, followed by a sharp decline of over 6% on October 21, raising questions about the sustainability of this rally [1][2] - Despite the recent downturn, Goldman Sachs maintains a positive outlook for gold prices, projecting continued strength through 2026 [2] Economic Context - The current economic environment is characterized by uncertainty, with the Federal Reserve balancing its dual mandate of low unemployment and inflation control [3] - The jobs market is showing signs of weakness, with unemployment rising to 4.3% in August, the highest since 2021, and nearly 1 million layoffs reported, a 55% increase from the same period in 2024 [5][6] - Inflation has also risen, with the Consumer Price Index at 3% in September, up from 2.3% in April, coinciding with the implementation of tariffs [5] Market Dynamics - The decline in Treasury yields and the U.S. Dollar has been favorable for gold, as lower yields reduce the attractiveness of bonds as a safe-haven investment [8] - The 10-year Treasury yield has decreased to 4% from 4.77% earlier in the year, while the U.S. Dollar Index has fallen from 109 to 99 [8] - Historically, gold prices tend to move inversely to Treasury yields and the U.S. Dollar, making gold more appealing to foreign buyers when the dollar weakens [9]

Group 1 - The Consumer Price Index (CPI) for September showed a month-over-month increase of 0.3%, which was better than anticipated, with core inflation rising by only 0.2% [1][2][6] - Year-over-year inflation figures for both core and headline CPI came in at 3%, indicating a deceleration in inflation, which alleviates some concerns regarding tariffs and their impact on inflation [1][3][10] - The report is considered significant due to the government shutdown delaying other economic data, making this report more impactful [2][8][9] Group 2 - The Federal Reserve is expected to cut interest rates, with a quarter-point cut anticipated next week and possibly another in December, as the inflation data provides them with the necessary cover [11][15][36] - Despite the positive CPI report, inflation remains above the Fed's target of 2%, indicating that the Fed has substantial work ahead to manage inflation effectively [10][19][70] - The bond market reacted positively, with yields dropping below 4%, reflecting market expectations of rate cuts [12][14][57] Group 3 - The inflation report indicates that while some areas, such as food and energy, are experiencing price increases, overall inflation is stabilizing, which could influence the Fed's monetary policy decisions [25][61][70] - There are concerns about the labor market softening, with job cuts reported from major companies, suggesting a cautious approach to hiring amid economic uncertainty [45][47][49] - The market is currently experiencing a risk-on rally, with large-cap tech stocks leading, but there are signs of froth and over-speculation, prompting a need for diversification in investment strategies [50][72][76]