Group 1: Federal Reserve Insights - US Treasury yields increased, with the benchmark 10-year yield reaching 4.10% [1] - Internal divisions within the Fed are evident, with differing views on rate cuts and inflation concerns among key officials [1] - Fed cut the Federal funds target rate by 25 basis points to a range of 3.75% – 4.00%, characterized as a 'hawkish cut' [2] Group 2: Economic Indicators - US manufacturing contracted in October, with ISM manufacturing PMI falling to 48.7 from 49.1 in September [3] - Price pressures in manufacturing eased to 58.0 from 61.9, while the employment component rose to 46.0 from 45.3 [3] - Anticipation of mixed signals in upcoming ISM services PMI data, which could impact market reactions [3] Group 3: Reserve Bank of Australia (RBA) Update - RBA decided to maintain the cash rate at 3.60%, with minimal market surprise following stronger-than-expected CPI inflation [4] - RBA's projections indicate inflation will remain above the target band until mid-2026, despite rising unemployment [5] - Only one rate reduction is anticipated in the coming year, reflecting conflicting economic signals [5]