Thursday Afternoon Links

[CNBC] S&P 500, Nasdaq retreat from record highs: Live updates

[Yahoo/Bloomberg] Oil Declines With Gaza Peace Plan and Risk-Off Mood in Focus

[The Hill] Live updates: Democrats block GOP bill to end shutdown

[AP] Average long-term US mortgage rate eases to 6.3%, back to its lowest level in about a year

[Axios] 22 states are in recession or close to it, new analysis finds

[AP] Israel and Hamas will exchange hostages and prisoners after agreeing to a pause in the war in Gaza

[The Hill] La Niña is officially here. What does it mean for winter weather?

[Bloomberg] Private Credit Investors Sour on Funds as Rate Cuts Hurt Payouts

[Bloomberg] Rising Inflation Expectations Pose Risk for the Fed, Study Says

[Bloomberg] Fed’s Barr Calls for Caution Toward Additional Rate Cuts

[Bloomberg] Month-End Treasury Trading Trounces Other Days, NY Fed Finds

[WSJ] Federal Workers and Troops to Miss Paychecks Soon. Here’s What to Know.

[WSJ] Fed’s Barr Urges Caution With Further Rate Moves, Underscoring Committee’s Divisions

[FT] US justice department launches inquiry into First Brands Group

[FT] Trump’s militarisation of law enforcement

[FT] Jane Street is getting physical