BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
Supreme Court Backs Lisa Cook, Defends Federal Reserve Independence Against Trump Firing Attempt 
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Part II — The listing: NFTs as bottle-stamps, and a vault the family is in no rush to sell 
A Korean Family Spent 34 Years Hoarding Chinese Tea. Now They're Putting It on the Blockchain. 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Michael Burry Shorts Tesla at $416 as AI and Semiconductor Bearish Bets Expand 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Delivering its second straight interest rate cut of 2025, the Federal Reserve reduced the federal funds rate by 25 basis points to a target range of 3.75%-4.00%. Ten of twelve FOMC members backed the decision, which came without an updated dot plot as the Summary of Economic Projections is only issued four times a year. Important opponents included Stephen Miran, who supported a deeper 50 basis point reduction, and Jeffrey Schmid, who wanted to keep rates constant.
Moreover, the Fed said it would halt a multi-year $2.5 trillion decrease of its balance sheet by December 1, 2025, thereby ending its quantitative tightening (QT) policy. Going ahead, mature mortgage-backed assets will be reinvested in short-term Treasury bills, therefore denoting a change in balance sheet policy. But Fed Chair Jerome Powell adopted a hawkish attitude during his news conference, challenging market anticipations for a December rate drop and stressing uncertainty about next policy decisions.
The mixed signals alarmed markets. Though the rate cut and end of QT were meant to bring clarity, Powell's warning against further cuts confused. His hawkish approach unnerved investors, who cut back on early gains to mirror the uncertain road ahead for the Fed.
