Fed’s Daly says she backed latest rate cut, open to another one in December

Oil prices are seeing a boost as OPEC+ has decided to pause output increases for the first quarter of 2026. This decision comes after an additional 137,000 barrels per day were added in December, indicating a strategic approach to stabilize the market. This pause is significant as it reflects OPEC+'s commitment to managing supply and potentially supporting higher prices, which can have a positive ripple effect on the global economy.

In a recent statement, Fed's Daly expressed support for a potential rate cut, indicating a willingness to consider this option in the upcoming December meeting. This is significant as it reflects the Fed's responsiveness to economic conditions and could signal a shift in monetary policy aimed at stimulating growth. Investors and economists are closely watching these developments, as they could impact borrowing costs and overall economic activity.

The US manufacturing sector is facing significant challenges as concerns over tariffs continue to loom. This downturn is not just a statistic; it affects jobs and economic stability across the country. With manufacturers struggling to cope with rising costs and uncertainty, the implications could ripple through the economy, impacting everything from consumer prices to employment rates.

Fed's Goolsbee is currently undecided about whether there will be a need to cut interest rates in December. This uncertainty reflects the ongoing economic conditions and the Fed's careful approach to monetary policy. Understanding Goolsbee's stance is crucial as it could influence market expectations and economic forecasts.

Brazil has announced stricter minimum capital requirement rules that could affect around 500 firms. This move is significant as it aims to strengthen the financial stability of businesses in the country, but it may also pose challenges for smaller companies struggling to meet the new standards. The implications of these regulations could ripple through the economy, impacting investment and growth.

China has been gradually distancing its economy from Western influences for several years, a move that reflects its desire for greater self-reliance and control over its economic destiny. This shift is significant as it could reshape global trade dynamics and impact international relations, especially as tensions between China and Western nations continue to rise.

Federal Reserve official Austan Goolsbee expressed caution regarding a potential interest rate cut in December, citing ongoing inflation concerns. This statement is significant as it reflects the Fed's careful approach to monetary policy amidst fluctuating economic indicators. Investors and economists will be closely monitoring these developments, as they could impact borrowing costs and overall economic growth.

The latest Manufacturing PMI report shows a slight increase, suggesting a modest expansion in the manufacturing sector. This is significant as it indicates potential growth in the economy, which can lead to job creation and increased consumer confidence. A thriving manufacturing sector often reflects overall economic health, making this uptick a positive sign for businesses and investors alike.

Morris Mayo, a director at Nordson, has sold shares worth $61,000. This transaction is part of the normal trading activities that directors often engage in, which can sometimes raise questions about insider trading or the company's future. However, such sales are not uncommon and can reflect personal financial planning rather than a negative outlook on the company's performance.

Gold prices have shown a positive trend, settling 0.45% higher at $4000.30, marking an increase in three of the last four sessions. This uptick in gold is significant as it reflects investor confidence and market stability, especially in uncertain economic times. Meanwhile, silver has seen a slight decline, falling 0.2% for the second consecutive session, which could indicate shifting investor preferences.

The Bank of NT Butterfield has reached a significant milestone as its stock price hit a 52-week high of 46.91 USD. This achievement reflects the bank's strong performance and investor confidence, which is crucial for its growth and stability in the competitive financial sector.

The Guardian's editorial highlights a growing class divide in Britain, where a micro-elite in finance and tech is attracting top talent, leaving traditional white-collar jobs less appealing. This shift raises concerns about a society that prioritizes financial proximity over meaningful contributions, potentially leading to social unrest. The piece emphasizes the importance of addressing this imbalance to ensure a more equitable future.

Blink Charging has introduced its new Shasta EV chargers aimed at the multifamily and fleet markets, marking a significant step in expanding electric vehicle infrastructure. This launch is important as it addresses the growing demand for accessible charging solutions in residential and commercial settings, making it easier for more people to adopt electric vehicles and contribute to a greener future.

Phio Pharmaceuticals has successfully raised $13.4 million through a warrant exercise, a significant boost for the company as it continues to advance its innovative therapies. This funding is crucial for supporting their ongoing research and development efforts, which could lead to groundbreaking treatments in the pharmaceutical industry.