The Federal Reserve
While some argued that the rate should be kept unchanged and approached the rate decision cautiously with data-dependent, FED’s William and FED’s Waller are more open to lowering the December rate decision at a slower pace due to the current restrictiveness. They both emphasized “No signs of US recession” with an expectation to see more improvement in economic condition, lower inflation, and increased wages. The expectation is now set at 2.5% for US gross domestic product, 4%-4.25% for the unemployment rate, and 2.25% for inflation.
Therefore, tonight US JOLTs Job Openings report measures job vacancies and offers valuable insights into the demand for labor and the health of the economy. So if the report suggests higher job openings, this signals more demand for workers and a tighter labor market. This might result in higher wage growth, and an increase in consumer spending, and potentially lead the FED to a holding rate to some degree, albeit they believe that wage growth is not a source for inflation. And vice versa for cooler printed data.
Violation of the ceasefire: Israel and Hezbollah
The violation of the ceasefire still persists between Israel and Hezbollah, which both responded decisively through fired missiles and called it a “defensive warning strike.”
BRICS
After his warning for the Gaza hostage was released, Donald Trump also sent another warning to BRICS if they are planning to “Dethroning the US Dollar” by imposing a 100% tariff on BRICS Nations. Especially when the BRICS Nation consists of the largest exporters including Russia, and UAE, while the largest importers of oil including China and India, as per ABC report.
