‘A deadly confluence of wrong-way news’ is what’s causing the global market selloff, says top economist, and don’t expect it to get better anytime soon

The Federal Reserve is approaching its December meeting without clear insights from recent jobs data, which may reduce the likelihood of interest rate cuts. The uncertainty surrounding employment trends complicates the Fed's decision-making process as it considers economic indicators and market conditions.

Former President Donald Trump has once again criticized Federal Reserve Chair Jerome Powell, expressing a strong desire to dismiss him, stating, 'I'd love to fire his ass.' This remark highlights Trump's ongoing dissatisfaction with the Fed's monetary policy, particularly regarding interest rates. The comments come amid a backdrop of economic challenges and political controversies.

At the last meeting, many Federal Reserve policymakers expressed opposition to a potential interest rate cut in December. This sentiment reflects significant divisions among officials regarding monetary policy, which could influence future economic strategies and investor confidence.

The Federal Reserve's minutes indicate widespread support among officials for ending quantitative tightening, signaling a potential shift in monetary policy. This development reflects a consensus on the need to adapt to changing economic conditions and may influence future interest rate decisions.

Treasury yields increased as Federal Reserve officials indicated a likelihood of pausing interest rate cuts on December 10. This rise in yields reflects growing uncertainty in the market regarding future monetary policy decisions.

Goldman Sachs Group Inc strategists highlight a significant connection between the U.S. dollar and the CBOE Volatility Index (VIX), suggesting that this relationship is more noteworthy than the dollar's correlation with U.S. stock levels this year.

"Portrait of Elisabeth Lederer," a painting by Gustav Klimt, sold for a record-breaking $236 million at a Sotheby’s auction in New York. The artwork, which was deemed

The U.S. Commerce Department reported a nearly 24% decrease in the trade deficit, which was delayed for over seven weeks due to a government shutdown. Despite this reduction, the trade deficit for 2025 has risen to $713.6 billion through August, marking a 25% increase from the same period in 2024.