U.S. STATE DEPT: U.S. SIGNS FIVE-YEAR HEALTH AGREEMENTS — $2.3B WITH UGANDA AND $364M WITH LESOTHO.
(@FirstSquaw)
(@FirstSquaw)
BIPARTISAN ATTORNEYS GENERAL WARN “DELUSIONAL” AI CHATBOT OUTPUTS MAY VIOLATE STATE LAWS; 13 COMPANIES — INCLUDING META, APPLE, MICROSOFT, GOOGLE, OPENAI — RECEIVED LETTERS.
(@FirstSquaw)
(@FirstSquaw)
US JUDGE REJECTS ADMIN BID TO DISMISS CALIFORNIA’S CHALLENGE OVER $4B HIGH-SPEED RAIL FUNDING WITHDRAWAL; NTSB CHAIR HOMENDY “VEHEMENTLY OPPOSES” MILITARY HELICOPTER PROPOSAL, CALLS IT AN “UNACCEPTABLE RISK.”
(@FirstSquaw)
(@FirstSquaw)
PANAMA CANAL TRAFFIC EDGES UP: 33.5 VESSELS/DAY IN NOV, UP FROM 33.2/DAY IN OCT — STATEMENT.
(@FirstSquaw)
(@FirstSquaw)
US–EU TALKS ON TOUGHER RUSSIA SANCTIONS ARE ONGOING — EU OFFICIALS; CYPRUS & MALTA WARN SCRAPPING G7 OIL PRICE CAP MUST NOT DRIVE MARITIME TRADE AWAY FROM EU.
(@FirstSquaw)
(@FirstSquaw)
FED POWELL: JOBS & INFLATION OUTLOOK UNCHANGED SINCE LAST MEETING
(@FirstSquaw)
(@FirstSquaw)
FED POWELL: JOBS & INFLATION OUTLOOK UNCHANGED SINCE LAST MEETING
(@FirstSquaw)
(@FirstSquaw)
FED POWELL: BUYING SHORT-TERM TREASURIES TO KEEP POLICY RATES CONTROLLED; SAYS CONSUMER SPENDING SOLID, BUSINESS INVESTMENT EXPANDING
(@FirstSquaw)
(@FirstSquaw)
POWELL: HOUSING SECTOR STILL WEAK; SAYS SHUTDOWN IMPACT TO BE OFFSET BY STRONGER GROWTH NEXT QUARTER AFTER REOPENING
(@FirstSquaw)
(@FirstSquaw)
FED POWELL: LAYOFFS AND HIRING REMAIN LOW, BUT SEPT DATA SHOW UNEMPLOYMENT EDGED UP, JOB GAINS SLOWED SHARPLY, AND LABOR DEMAND HAS CLEARLY SOFTENED
(@FirstSquaw)
(@FirstSquaw)
FED POWELL: LABOR MARKET IS LESS DYNAMIC AND SOFTER WITH DOWNSIDE RISKS, WHILE INFLATION REMAINS SOMEWHAT ELEVATED
(@FirstSquaw)
(@FirstSquaw)
FED POWELL: INFLATION RISKS ARE TILTED UP, EMPLOYMENT RISKS TILTED DOWN, AND THERE IS NO RISK-FREE POLICY PATH.
(@FirstSquaw)
(@FirstSquaw)
FED POWELL: DOWNSIDE EMPLOYMENT RISKS HAVE RISEN AND SHIFTED THE RISK BALANCE, AND FURTHER POLICY NORMALIZATION OVER RECENT MEETINGS SHOULD HELP STABILIZE THE LABOR MARKET AND EASE INFLATION PRESSURES.
(@FirstSquaw)
(@FirstSquaw)
FED POWELL: WELL POSITIONED TO ADJUST POLICY RATES, BUT SAYS POLICYMAKER PROJECTIONS ARE UNCERTAIN AND NOT A PLAN OR DECISION.
(@FirstSquaw)
(@FirstSquaw)
FED POWELL: RESERVE BALANCES HAVE FALLEN TO AMPLE LEVELS AND PURCHASES ARE SOLELY FOR RESERVE MANAGEMENT.
(@FirstSquaw)
(@FirstSquaw)
FED POWELL: RESERVE-MANAGEMENT PURCHASES MAY STAY ELEVATED FOR MONTHS TO EASE MONEY-MARKET PRESSURES, THEN DECLINE, AND SAYS STANDING REPO OPERATIONS ARE CRITICAL TO KEEP FED FUNDS IN TARGET RANGE.
(@FirstSquaw)
(@FirstSquaw)
FED POWELL: “EXTENT AND TIMING” SIGNALS THE FED WILL CAREFULLY EVALUATE ALL INCOMING DATA.
(@FirstSquaw)
(@FirstSquaw)
FED POWELL: TREASURY PURCHASES MAY REMAIN ELEVATED FOR A FEW MONTHS.
(@FirstSquaw)
(@FirstSquaw)