Federal Reserve (Fed) Bank of Cleveland President Beth Hammack spoke at the Federal Reserve Bank of Cleveland Financial Stability Conference on Thursday. She said that easing monetary policy now may encourage financial risk-taking.
Stock markets cleared the key hurdle of Nvidia's earnings release yesterday. While the S&P500 is still down in November as valuation concerns are seemingly on the rise, yesterday's strong earnings are offering relief to global risk sentiment and helping the high-beta G10 segment stabilise.
US inflation is likely to fall next autumn. On Friday, the White House announced another initiative aimed at mitigating the impact of tariffs, adding a significant number of agricultural products to the list of exceptions not subject to reciprocal tariffs.