S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketChief Powell’s press conference takeaways
Data available suggests the outlook for employment and inflation has not changed much since the September meeting.
Prior to shutdown, data showed the economy may be on a firmer trajectory.
Shutdown will weigh on economic activity while it persists and should reverse when it ends.
Labour demand has clearly softened.
Available evidence suggests layoffs and hiring remain low.
Job availability and hiring difficulty continue to decline.
Inflation remains somewhat elevated relative to the goal.
Estimate total PCE and core PCE rose 2.8%.
Disinflation in services continues.
Most measures of long-term inflation expectations are consistent with the goal.
Higher tariffs are pushing up some goods prices.
Reasonable base case is that tariff effects on inflation will be short-lived.
Risk of more persistent inflation needs to be managed.
Obligation is to ensure it does not become an ongoing problem.
Risks to inflation are to the upside; to employment, they are to the downside. Challenging.
We must take a balanced approach.
Balance of risks has shifted.
Well-positioned to respond in a timely way to economic developments.
We face two-sided risks.
Different views about how to proceed in December.
Strongly differing views at the meeting about how to proceed.
Another cut in December is far from assured.
December cut is not for sure, far from it.
