Fed’s Goolsbee, Schmid Offer Reasons for Rate Cut Dissent

The US Supreme Court is set to rule on the legality of tariffs imposed by President Donald Trump in April, which previously caused significant market fluctuations. This ruling could have substantial implications for various stocks that have experienced growth since the tariffs were enacted.

Slovakia's new debt management chief anticipates a reduction in the country's borrowing needs by up to €2 billion in 2026, projecting bond sales could reach as high as €11 billion. This shift reflects a more selective approach from investors towards sovereign bonds in the euro area.

Top officials from the Federal Reserve, including Jeff Schmid from Kansas City, have issued warnings against complacency regarding inflation, emphasizing the potential rise in long-term borrowing costs if the Fed loses its credibility. This caution comes amid ongoing discussions about interest rate adjustments in response to economic conditions.

The U.S. has seized a sanctioned oil tanker off the coast of Venezuela, a move that threatens to exacerbate the country's already fragile economy, which is on the brink of hyperinflation. This seizure is part of a broader strategy by the U.S. to exert pressure on the Venezuelan government amid ongoing political turmoil.

China's market regulator has introduced new draft guidelines aimed at preventing automakers from engaging in aggressive price competition, which has been contributing to deflationary pressures in the economy. This move comes as car sales in the country have seen a significant decline, marking a shift in consumer behavior and demand.

The global oil tanker business has become increasingly complex, with geopolitical tensions and sanctions influencing operations. The ongoing Cold War dynamics are reshaping how petroleum is transported across international waters, making it a critical area of focus for market analysts.

The S&P 500 index has achieved a new record high, reflecting a broadening stock rally as enthusiasm around artificial intelligence investments begins to cool. This milestone marks a significant recovery in investor sentiment, following a period of volatility in the markets.

India's inflation rate increased in November from a record low in the previous month, yet it remains significantly below the central bank's target of 4%. This situation suggests that there is room for potential interest rate cuts in the upcoming year.