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Federal Reserve Chair Jerome Powell signaled that the economic outlook remains unchanged since September, despite delays in official data caused by the government shutdown. The Fed is considering ending its balance sheet reduction and continues to forecast rate cuts this year, amid divided opinions on inflation and employment risks.
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US job cuts declined in September but remain high, with nearly 950,000 layoffs this year. Hiring plans are weak, and wage transparency is decreasing in the UK amid rising costs and economic uncertainty. Both markets face ongoing challenges, with potential rate cuts and automation strategies shaping the outlook.
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Recent US elections highlight ongoing economic concerns, especially inflation and high living costs, influencing voter behavior. Democratic gains in key states suggest a shift in public focus, while President Trump’s efforts to address affordability face skepticism amid persistent inflation and political tensions. The midterms are shaping up as a referendum on economic management.
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Canada's new budget, announced by Finance Minister Carney, aims for significant investment and defense spending to address slow growth and global tensions. Critics say it lacks ambition, while supporters highlight strategic shifts. The budget faces a tight parliamentary vote with potential defections and ongoing political debate. Today's date: Fri, 07 Nov 2025.
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The US government shutdown, now the longest on record, has halted pay for 1.25 million federal workers, disrupted flights, and slowed economic growth. While some losses are recoverable, lasting effects include reduced consumer spending and regional economic strain, especially in Washington, D.C. Today's date is Thu, 13 Nov 2025 18:05:34 +0000.