Fed Vice Chair Says Economic Trade-Offs Justify Lowering Rates Slowly
Philip Jefferson offered a case study in the central bank’s predicament Monday, acknowledging the risk of stubborn inflation and weaker employment conditions-dueling threats that call for opposing prescriptions.
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Fed Governor Lisa Cook Offers First Defense of Mortgage Records
Cook’s lawyer argued that apparent discrepancies don’t constitute fraud and alleged selective enforcement against political opponents.
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U.S. Indexes Lower Amid Selloff in Bank, Tech Stocks
A selloff in bank and tech stocks pushed major indexes lower.
The pace of U.S. construction spending picked up in August, according to a Census Bureau report Monday that had been delayed by the government shutdown.
Factory activity in New York state unexpectedly picked up pace this month, as signals of demand improved, despite some dimming of optimism among manufacturers.
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EU Lowers Growth Outlook for 2026 on Higher-Than-Forecast U.S. Tariffs
The bloc raised its growth expectations for the eurozone this year, though tariffs are expected to weigh on the outlook for 2026.
Annual inflation in Canada cooled as expected in October as drivers paid less at the pump, but stickiness in core measures helps cement expectations that interest rates won’t be cut again any time soon.
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Threats to Eurozone Financial Stability ‘Remain Elevated,’ Says ECB’s De Guindos
A large-scale trade war has been averted, but uncertainty remains high about government policies that can affect the financial system, the European Central Bank vice president said.
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Japan’s Economy Contracts for First Time in Six Quarters
Real gross domestic product shrank 0.4% on a quarter-over-quarter basis, further complicating the timeline of the central bank’s next interest-rate hike.
GDP declined 0.5% in the third quarter as U.S. tariffs kicked in. The reading raises pressure on the Swiss central bank to cut rates below zero.
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Tokyo to Improve Content Creators’ Work Conditions Under ‘Cool Japan’ Strategy
Japan’s minister in charge of promoting its cultural exports pledged to improve working conditions for content creators as part of a renewed government push to expand the global reach of the entertainment industry.
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Wall Street Blows Past Bubble Worries to Supercharge AI Spending Frenzy
Firms such as Blue Owl Capital have raised trillions in investing firepower. The artificial-intelligence build-out is a perfect match, though warning signs are flashing.
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White House Hunts for Ways to Lower the Cost of Living
Aside from reducing tariffs, President Trump faces limits in his ability to bring down prices.
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New Rare-Earths Plant in Europe Shows How Tough Breaking China’s Grip Will Be
The Estonian factory marks a big boost to the continent’s production but is only a start to satisfying soaring demand.
