Daniel Avis

US Fed will 'adapt' to any policy changes, Chicago's Goolsbee says The US Federal Reserve will "adapt" to policy changes made by the administration of US president Donald Trump, but would struggle to "disentangle" how those changes affect inflation from other factors...

"It's extremely important when watching inflation to take a through line, not follow every blip up and down," Chicago Fed President Austan Goolsbee told AFP Wednesday. "In my mind, overall, the conditions have not changed."

www.france24.com/en/live-news...

US Fed expected to cut again, despite uncertain path ahead The US Federal Reserve is widely expected to cut interest rates by a quarter point on Wednesday and signal a slower pace of cuts ahead, brushing off uncertainty about inflation's downward path and the...

Happy Fed Day to all who celebrate:

The Fed is widely expected to cut interest rates by a quarter point today and signal a slower pace of cuts ahead amid uncertainty about inflation's downward path and the possible impact of some of Trump's economic proposals:

www.france24.com/en/live-news...

Trump touts $100 bn SoftBank investment, vowing 100,000 jobs US President-elect Donald Trump on Monday praised Japan's SoftBank for its decision to invest $100 billion in the United States and create 100,000 new jobs, a big win for his incoming administration.T...

US President-elect Donald Trump on Monday praised Japan's SoftBank after it announced plans to invest $100 billion in the United States and create 100,000 new jobs in a big early win for his incoming administration: uk.finance.yahoo.com/news/softban...

Trump taps Republican FTC member Andrew Ferguson to be the next chair of the agency, replacing Lina Khan

Everything's going to be just fi...https://www.noaa.gov/news-release/arctic-tundra-becoming-source-of-carbon-dioxide-emissions

US Fed Officials Warn Of Ongoing Risks From Elevated Inflation The United States continues to face risks from underlying inflation despite recent progress in stabilizing prices, two senior Federal Reserve officials said Friday, with one indicating support for jus...

NEW: Cleveland Fed President Hammack says her current expectation is for "about one reduction in the Fed funds target range between now and the end of January and only a few cumulative reductions by the end of 2025."

www.barrons.com/news/us-faci...

File photo illustration shows the social media app logo for TikTok displayed on an iPhone in front of a US flag and Chinese flag background in Washington, DC, on March 16, 2023

TikTok faces a US ban after an appeals court on Friday rejected its challenge to a law requiring the video-sharing app to divest from its Chinese parent company by January 19 ➡️ u.afp.com/5Cnc

US Fed officials see inflation fight as broadly on track The US appears on track to hit its long-term target of two percent inflation despite a recent uptick, two Federal Reserve officials said Monday, with one indicating support for another rate cut this…

Fed Governor Christopher Waller said Monday he is leaning toward supporting a December rate cut:

www.france24.com/en/live-news...

Trump announces former CEA chair Kevin Hassett to be his next NEC Director:

Scott Bessent a credible, safe pick for Treasury: experts Hedge fund manager Scott Bessent is a credible, safe choice for US Treasury secretary -- and one that is likely positive for markets -- observers said Saturday following President-elect Donald Trump's...

Courtesy of my colleague in D.C.:

"Scott Bessent is a credible, mainstream pick for Treasury Secretary," said Jason Furman, a professor at Harvard University and former top White House economic adviser. "I could see previous administrations as having chosen him.”

finance.yahoo.com/news/scott-b...

👇🏼

Nothing but top quality snacks at AFP.

Indeed he is

Trump names hedge fund manager Scott Bessent as Treasury chief US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.The nomina...

More about Bessent, from my colleague in DC: sg.news.yahoo.com/trump-names-...?

It’s official: Trump taps hedge fund executive Scott Bessent for Treasury Secretary

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File photo shows participants listening to speeches during the United Nations Climate Change Conference (COP29) in Baku on November 13, 2024.

#UPDATE Wealthy nations on Friday offered $250 billion a year to help poorer nations hit hardest by global warming but faced immediate calls led by Africa to give more as UN COP29 climate talks extended into overtime ➡️ u.afp.com/5Vb6

Oh

US Fed official warns against cutting rates 'too quickly' The US Federal Reserve should be careful not to cut rates "too quickly" and risk reigniting stubborn inflation, a senior bank official said Wednesday. "With the US economy remaining strong, moving the...

NEW: The Fed should be careful not to cut rates "too quickly" and risk reigniting inflation, Michelle Bowman said Wednesday. finance.yahoo.com/news/us-fed-...

US Fed Vice Chair for Supervision Michael Barr says he won't step down early if asked, echoing Jerome Powell's comments early this month:

"As chair Powell said, we serve fixed terms of office, and I intend to serve my fixed term of office."

(His term as a Fed vice chair ends July 2026.)

Despite a massive head start, BlueSky has now overtaken Threads in the US 👇

Lutnick will also have "direct responsibility for the Office of the United States Trade Representative."

I am reliably informed it was probably a Brie de Melun

NEWS, via Truth Social: US President-elect Trump taps Howard Lutnick for Commerce Secretary

Sadly just the one on this occasion. But it was excellent!

Busy day at the office today:

That’s a lot of PR specialists!

(On an unrelated note, my DMs are open for pitches and tips…)

Crispy cold and beautiful this morning at Bryce Canyon National Park. #travel #utah #photography

From my (lucky!) colleagues in Rio:

Chinese President Xi Jinping warned Monday the world faces "turbulence," as G20 leaders met in Brazil two months before Donald Trump returns to the White House.

www.hindustantimes.com/world-news/g...

Tough time in the news business