U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Trump to Ease U.S. Fuel-Economy Standards 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
China Agrees to Buy 20 Million Tons of U.S. Coal 
ECB May Stop Rate Hikes After December, Capital Economics Says 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
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Federal Reserve Cuts Interest Rates by 25 Basis Points
Ongoing Inflation Progress and Labor Market Slowdown Drive Fed’s Decision
The Federal Reserve cut its benchmark interest rate by 25 basis points to a range of 4.50%-4.75% on Thursday. This adjustment, following September’s larger 50-basis-point cut, reflects ongoing improvements in inflation control and indications of a softening labor market.
According to Fed Chairman Jerome Powell, “The labor market is not a significant source of inflationary pressures,” citing indicators suggesting the labor market is less tight than it was before the pandemic. The latest measure of the Fed’s preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, remained steady at 2.7% in September, slightly above economist expectations of 2.6%.
Impact of Political Shift: Potential Policy Adjustments Under New Leadership
This rate cut arrives amid political changes, with President-elect Donald Trump’s victory signaling potential economic policy shifts. Powell noted that while immediate policy changes aren’t anticipated, potential measures from the new administration—like tariffs, tax adjustments, and immigration policy revisions—could impact inflation and the Fed’s rate-cut timeline.
Market expectations suggest the Fed will conclude its rate-cutting cycle after two more 25-basis-point reductions in 2025, bringing rates to the 3.75%-4% range.
