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The Marked Chart Wire · Economy and the Fed
Fed
Federal Reserve Governor Eric Barkin stated that current monetary policy is approximately neutral. He identified inflation as the primary risk for the Fed and noted that a gradual approach to policy changes makes sense.
Part of a series: Fed holds rates as officials debate next move
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Fed
Federal Reserve Governor Hammack stated that policy must become more restrictive to curb inflation. He noted that price pressures are widespread and favors making smaller, more frequent rate changes.
Fed
A Trump committee hearing regarding Federal Reserve Governor Lisa Cook has been rescheduled to December 14.
Bank of England
The central bank increased borrowing costs by 25 basis points, citing stubborn price growth and geopolitical tensions. Officials remain split on future moves, with traders assigning roughly 50 percent odds to another hike in December.
Crypto
Federal Reserve official Hammack argued that high price swings in digital assets reduce their reliability for holding wealth compared to the US dollar.
Dollar
Federal Reserve Governor Hammack stated that the US dollar's status as a reserve currency depends on maintaining central bank independence and ensuring deep, liquid markets for investors.
Economic Data
Preliminary US productivity rose 3.6 percent, beating the 2.7 percent forecast. Unit labor costs fell 0.7 percent while initial jobless claims came in at 189,000.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.