BTC, ETH dump 3-5% on DeFi exploit fears. $400M+ leveraged longs liquidated. November losses mount for crypto.
Barclays says a 25bp Fed rate cut in December is “more than likely,” with markets pricing odds above 80%. Powell and several policymakers are expected to back the move, though hawkish dissents from Schmid, Musalem and possibly others are likely.
Asia's factories face weak demand; China & Japan PMIs contract. Trade hopes dim, deflationary pressures persist.
BOJ rate hike bets spark Asia selloff & Bitcoin slide; JGB yields hit 1% - liquidity crunch looms.
Black Friday sales jump 4.1% amid K-shaped economy; online spending up 9.1% to $11.8B. AI tech fuels record buys.
Japan's PM Takaichi promises to continue fiscal management Takaichi's new administration wants to spend money hand over fist. I guess that's a form of fiscal management?
BOJ’s Ueda flags FX-driven inflation risks as households feel squeeze from higher prices Ueda highlights rising sensitivity of Japanese inflation to FX moves, reinforcing expectations that the BOJ remains on a cautious tightening path.
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