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Bank of England officials warn of potential recession risks as inflation remains high and growth slows. Meanwhile, US policymakers expect further rate cuts to support the economy, citing trade tensions and inflation. Asian economies face different challenges, with deflationary pressures and subdued inflation. The global outlook remains uncertain.
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Investors are increasingly betting on assets like gold, silver, and bitcoin amid fears of currency devaluation, rising debt, and inflation. The 'debasement trade' reflects concerns over government spending and monetary easing, with assets surging as a hedge against currency erosion. Experts debate its sustainability.
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Bitcoin stabilised near US$109,000 after recent declines, reflecting ongoing volatility. The market remains fragile amid US-China trade tensions, credit worries, and regulatory scrutiny of stablecoins. Major cryptocurrencies have struggled to recover, with futures trading volumes shrinking sharply, indicating heightened risk aversion among investors.
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Dallas Fed President Lorie Logan stated she sees no need for a rate cut this week, aligning with her stance that the economy remains strong and inflation high. Meanwhile, Kansas City Fed's Jeff Schmid dissented, citing a balanced labor market and ongoing economic momentum. The Fed's next move remains uncertain amid these differing views.
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The US Federal Reserve and the UAE Central Bank both cut interest rates by 25 basis points, citing economic slowdown and inflation concerns. The Fed's decision follows a government shutdown and mixed economic data, with future moves uncertain. UAE's cut aims to support borrowing costs and consumer spending.
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Eurozone growth remains weak, hindered by US tariffs and sluggish German and Italian economies. The ECB keeps rates steady despite the US Federal Reserve cutting rates. Meanwhile, the US faces rising debt levels, with the IMF warning of surpassing Greece and Italy in debt-to-GDP by 2030.
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The Bank of England kept interest rates at 4% amid signs inflation has peaked at 3.8%. The MPC voted 5-4 to hold rates, citing the need for more evidence before future cuts. The decision comes ahead of the November 26 UK budget, with inflation forecast to fall to 2% by 2027.
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UK markets experienced volatility amid political tensions and fiscal policy uncertainty. The pound weakened due to fears over upcoming budget plans, while bond yields fluctuated. Gold prices surged on global economic concerns, reflecting investor demand for safe assets. Economic data and political developments continue to influence market sentiment.
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The Biden administration is set to announce exemptions on tariffs for certain food imports, including beef, citrus, coffee, and bananas, aiming to reduce consumer prices amid political pressure and recent election results highlighting affordability concerns. The move signals a shift from previous tariff policies.
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Japan's October 2025 exports increased 3.6%, driven by semiconductors and gas turbines, but exports to the US fell 3.1% for the seventh consecutive month, mainly due to tariffs. Imports rose slightly, and Japan's trade surplus with the US narrowed. The economy shows signs of strain from US trade policies.
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The US government did not release October inflation data due to a shutdown, complicating Federal Reserve decisions. September jobs data showed strong growth but rising unemployment, intensifying debate over interest rate cuts amid limited economic information.
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The US added 119,000 jobs in September, a sign of a softening labor market, but the unemployment rate increased to 4.4%. The data, delayed by the government shutdown, shows mixed signals about economic strength and influences Federal Reserve policy debates.
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Recent surveys indicate US consumer confidence has fallen to its lowest since April, driven by inflation, labor market concerns, and political uncertainty. Despite delayed official data, Americans report rising prices, especially in food and dining out, impacting spending and economic outlook. The Federal Reserve faces a delicate balancing act ahead of its rate decision.
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UK manufacturing PMI rose to 50.2 in November, the first expansion since September 2024, driven by domestic demand and larger firms. Business optimism hit a nine-month high, though employment and smaller firms still face contraction. The data suggests a cautious recovery amid mixed economic signals.
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Bank of England's Greene signals potential rate cuts if economic weakness persists, citing weak employment and consumption data. Markets expect a rate cut to 3.75% by end-2025 amid mixed economic signals, with inflation and wage growth key factors.
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Americans applying for unemployment benefits fell to 191,000 for the week ending Nov. 29, the lowest since September 2022. The data suggests a resilient job market, though recent layoffs by major firms may not yet be reflected. The figures influence Federal Reserve rate decisions amid inflation concerns.