- US indices close mixed. Russell 2000 rates to new intraday record level
- US Treasury Secretary Bessent: Highlights Trump's commitment to lasting peace in Ukraine
- Crude oil futures settle at $58.25
- RBNZ signals updated – driven approach as policy Path remains uncertain
- U.S. Treasury sells $39 billion of 10 year notes at a high yield of 4.175%
- Major European indices close the session with mixed results.Silver trades at all-time high
- U.S. Economic Data Finally Resumes After Shutdown: Key CPI and Jobs Reports Rescheduled
- Silver technicals: Price moves to a new all-time high. What is the next target?
- JOLTS October job openings 7.600M vs 7.150M estimate
- WH Economic Advisor Hassett: There is more room than a 25 basis point cut
- Weekly ADP 4-week average employment change +4.75K versus -13.5K in last weekly release
- The USD is little changed. One more day to the Fed rate decision
- Gold technical analysis video: Bulls are back after the stop hunt below $4200
- investingLive European FX news wrap: JPY keeps weakening, Trump considering tariff changes
The JOLTS job openings was released for the month of October (so during the shutdown).
Job openings rose modestly — the number moved up to 7.67 million, slightly higher than September’s 7.66 million.
Hiring activity stagnated — total hires remained around 5.15 million, with a hires rate of about 3.2%.
Worker confidence fell — the quits rate dropped to 1.8%, one of the lowest readings in several years. Meanwhile, layoffs rose modestly, indicating heightened risk or caution among employers.
The uptick in job openings suggests that demand for labor hasn’t collapsed — there remain companies willing to post positions. At first glance, that’s healthy. But the flat hiring numbers and a steep drop in quits tell a different story: many of those jobs are going unfilled (or being posted but not filled), and workers are less willing to move jobs.
In short, this isn’t a booming hiring environment; it’s more of a “no-hire, no-fire” stalemate: employers may be listing jobs, but they’re not aggressively hiring — and workers aren’t jumping to new roles. That signals an increasingly cautious labor market, even if demand remains weakly positive.
The monthly jobs report for November will not be released until December 15. The BLS reported that the December report will be released on January 9th which is closer to catching up.
Of interest this week in addition to the FOMC rate decision tomorrow is the initial jobs claims data. Recall that was week, the fell below the 200,000 level to the since 2022.
Was it the Thanksgiving Day holiday seasons. It could also be the "no fire" side of the equation.
The odd's on favorite for Fed Chair, Kevin Hassett spoke today and said:
- There is “plenty of room” for the Federal Reserve to cut interest rates further, and he believes cuts could go beyond just a standard 25-basis-point move.
- He emphasized that any decision should be “data-driven” — that is, based on economic indicators (inflation, growth, employment), not predetermined or politically driven.
- Asked hypothetically if he would accept pressure from political leaders to cut rates, Hassett insisted he would rely on his own judgment and follow the data, even if that meant disagreeing with such requests, and added that Trump trusts him (TBD on that comment).
Silver surged to a new all-time record high today, breaking above the $60 per ounce mark for the first time in history and reaching intraday levels near $60.56. The rally reflects a powerful combination of tightening global supply, surging industrial demand, and rising investor interest.
Silver has now more than doubled in value this year, far outpacing gold and marking one of the strongest precious-metal performances in decades. Structural supply shortages—paired with robust consumption from solar, EV, and electronics industries—have added upward pressure. The next key target comes at a Fibonacci extension target (200%) at $63.12. The price today reached $60.80.
The price of gold moved up $22.30 or 0.43% to $4212.90.
In the US stock market today, the Dow and S&P moved lower, NASDAQ was marginally higher, and Russell 2000 traded to a new record intraday level, but closed below the highest close
- Dow industrial average is 179.03 points or -0.3% to47560.29.
- S&P index fell -6 .00 point or -0.09% to 6840.41
- NASDAQ index rose 30.58 points or 0.13% to 23576.49.
- Russell 2000 rose by .26 points or 0.21% to 2526.24. The all-time record high close comes in 2531.15
The FOMC rate decision will be announced at 2 PM tomorrow with expectations for the Fed to cut rates by 25 basis points to 3.75%. Also released will be the summary of economic projections which gives the guesstimates from Fed officials for the Fed funds rate at the end of 2026 along with GDP, employment rate, PCE inflation and core PCE inflation.
In September:
- Fed funds rate at the end the of 2026 was estimate that 3.4%
- GDP was estimated at 1.8%
- Unemployment rate was estimated at 4.4%
- PCE was expected 2.6%
- Core PCE was expected at 2.6%.
The Fed Chair will give his summary of the meeting and answer questions during the normal press conference starting at 2:30 PM ET>
