This week, Federal Reserve Chairman Jerome Powell indicated that the central bank might pause its interest rate hikes in 2019 due to unfavorable economic conditions. However, he presented an optimistic outlook on the US economy, with market sentiment reflecting a strong possibility that the Fed will increase its target rate at next month’s policy meeting.
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North Korea conducts a ‘high-tech’ weapon test: CNN
Florida’s US Senate race moves toward manual recount: Reuters
Brexit agreement sparks a political crisis; UK Prime Minister fights to retain her position: Reuters
Southeast Asia may have to choose between the US and China: Bloomberg
Fed explores the possibility of pausing rate hikes in 2019: Bloomberg
US District Court seemingly indicts WikiLeaks founder Julian Assange: NBC
US business inventories experienced a slight uptick in September: Reuters
Jobless claims in the US increased last week, yet the labor market remains robust: WSJ
Manufacturing indices from NY and Philly Fed indicate sector remains strong: MW
Decline in oil prices signals conclusion of global reflation trend: Lance Roberts
US retail sales rose sharply in October after consecutive declines: MarketWatch
The recent downturn in global markets has impacted prices significantly; however, the sharpest decreases in the five-year return, indicative of the value factor, are primarily tied to the decline in commodities. This trend was evident in the deep-value list in October, which remains consistent in this latest update that reflects trading data up to November 14.
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Death toll from Northern California fire rises to 56: NBC
Liability issues from California fires pose a threat to utility company PG&E: CNN
China proposes trade concessions to the US prior to G20 summit: Bloomberg
Two UK ministers resign following May’s cabinet backing of Brexit deal: Reuters
Israel’s political instability complicates US Middle East peace efforts: Bloomberg
Fed Chairman Powell expresses optimism about the economy’s current state: MW
Business inflation decreased slightly to an annual rate of 2.2% in November: Atlanta Fed
US consumer inflation slightly increased in October despite a dip in core inflation: MW
It’s a well-known fact that managing expectations is a significant challenge when it comes to achieving success in an investment strategy. To paraphrase Pogo, the enemy of prudent behavior in our quest for respectable returns is often ourselves. Less apparent, however, is the tendency for this behavioral risk to intensify in the early years of a new investment. In contrast, a decade or more into the investment period—if you reach that milestone—is generally much safer from a behavioral standpoint.
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UK and EU finalize provisional terms on Brexit: CNBC
Democratic Party gains momentum a week post mid-term elections: NY Times
China’s retail growth slows while industrial production is on the rise: Reuters
German economy contracts in Q3, marking its first decline since 2015: Bloomberg
Japan’s economy shrinks in Q3, partly due to natural disasters: Japan Times
Multiple bearish factors continue to pressure crude oil prices: MW
Spain plans to ban all gas-powered vehicles by 2040: Gizmodo
Experts predict a 0.3% rise in October consumer inflation compared to the previous month’s 0.1%: MNI
US small business sentiment remains near record highs in October: NFIB
The current robust growth in GDP is encouraging, but policymakers are noting signals that the economy may be nearing its maximum productive capacity. This assessment serves as another impetus for the Federal Reserve to sustain its tightening of monetary policy.
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Audio evidence suggests a connection between Khashoggi’s killing and the Crown Prince: NY Times
Democrats secure a win in the Arizona Senate race: CBS
Florida recounts deepen with lawsuits and claims: WaPo
North Korea maintains concealed missile sites, contradicting US assurances: Reuters
Gaza launches a barrage of rockets at Israel: CNN
Amazon selects New York and Northern Virginia for its HQ2 locations: WSJ
SF Fed President indicates more rate hikes are necessary with the US employment rate at full capacity: MNI
Moody’s predicts a decline in global credit conditions in 2019: P&I
US gasoline prices have decreased for the fifth consecutive week: 24/7 Wall Street
Increase in the number of economic surprises anticipated in the US: Vanguard
Crude oil continues its longest decline on record, falling for 12 straight sessions: Bloomberg
Approximately half of the major asset classes reported gains last week, with US real estate investment trusts (REITs) leading the way, as evidenced by a range of exchange-traded products.
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A tragic milestone is reached with fatalities in California’s wildfires: BBC
During a WWI ceremony in France, a warning is issued: ‘old demons are resurfacing’: Time
Is climate change becoming too intricate and contentious to resolve? Axios
Global oil producers inch closer to cutting production: Fox Business
Lessons from Australia’s long economic growth could inform US policy: Bloomberg
The US dollar nears a 17-month peak during Monday’s early trading: Reuters
China commits to further economic liberalization: Reuters
Razor-thin vote recounts unfold in Florida, Georgia, and Arizona: NY Times
US wholesale inflation accelerated in October, reaching its highest level in over six years: CNBC
US wholesale inventories in September showed greater growth than previously estimated: CNBC
The US Consumer Sentiment Index for November remains optimistic about the economic outlook: MW
This collection of updates reflects significant developments in economic and political landscapes. As we navigate ongoing challenges, including market fluctuations and geopolitical tensions, maintaining awareness of these trends can inform better decision-making for individuals and organizations alike.
