Thursday's News Links

[Yahoo/Bloomberg] US Stocks Stage Recovery After Fed Day Selloff: Markets Wrap

[Yahoo/Bloomberg] Yen Slides More Than 1% to Weakest Since July on Ueda Comments

[Yahoo/Bloomberg] PBOC Offers Strongest Yuan Support Since July After Dollar Gains

[Yahoo/Reuters] South Korean won hits 15-year low as hawkish Fed, domestic politics weigh

[Yahoo/Bloomberg] Asian Central Banks Start Pushback as Fed Shift Hits Currencies

[AP] US applications for unemployment benefits come back down after last week’s big rise

[AP] U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate

[AP] Trump brings chaos back to Washington by attempting to kill bipartisan budget deal with Musk’s help

[Yahoo Finance] Government shutdown odds are rising. Economic experts aren’t panicking (yet).

[Axios] Behind the Curtain: Musk's America

[Yahoo/Bloomberg] Private Credit Looks to Consumers, Infrastructure for Next Stage

[Yahoo/Reuters] Dealmakers eye $4 trillion-plus M&A haul in 2025 on Trump boost

[Yahoo/Bloomberg] BOJ Stands Pat as Dissenter’s Rate Hike Proposal Voted Down

[Yahoo/Bloomberg] Lula’s Powerless Aides Let Currency Panic Go Unchecked in Brazil

[Yahoo/Bloomberg] Brazil Congress Again Waters Down Fiscal Plan as Real Sinks

[Yahoo/Bloomberg] BOE Keeps Rates Unchanged Even as Three Officials Back Cut

[Yahoo/Bloomberg] France to Push Ahead With €300 Billion Bond Plan Without Budget

[Reuters] New Zealand sinks into recession, more rate cuts coming

[AP] Macao's casino boom brings wealth but at a cost, 25 years since China's takeover

[Bloomberg] Trump, Musk Threaten US Shutdown and Shake Up Republican Party

[Bloomberg] UK Weighs Donation Cap to Stymie Farage’s Pursuit of Musk Money

[NYT] Why the Specter of Trump Hangs Over the Fed, Congress and the Markets

[WSJ] Musk Draws First Blood With Spending Bill Bombshell

[WSJ] They Look Like CDs, but They’re Annuities—and Sales Are Booming

[WSJ] Putin Signals No Rush to End Ukraine War in Marathon TV Appearance

[FT] Donald Trump’s presidency looms over the Federal Reserve

[FT] Donald Trump’s pledges seep into Federal Reserve’s outlook

[FT] Does the Fed know it’s Christmas time at all?

[FT] Dealmakers bet that Trump will fuel mega-deal rebound

[FT] Stop pushing Zelenskyy into peace talks, warns EU’s top diplomat

Wednesday Evening Links

[Yahoo/Bloomberg] S&P 500 Sees Worst Fed Day Since 2001; Yields Up: Markets Wrap

[Yahoo/Bloomberg] Dollar Rises to Highest Since 2022 as Less Fed Cuts Seen

[Yahoo/Bloomberg] Bonds Slump as Fed Gives Traders Reason to See Fewer 2025 Cuts

[Yahoo/Bloomberg] Micron Drops After Sluggish PC, Phone Demand Hurts Forecast

[Axios] Trump opposes Johnson's spending deal to avert government shutdown

[AP] Live updates: Potential government shutdown looms as Trump tanks federal funding plan

[AP] Government funding plan collapses as Trump makes new demands days before shutdown

[Yahoo/Bloomberg] Powell Says Future Cuts Would Require Fresh Inflation Progress

[AP] Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

[Yahoo/Reuters] Fed's Powell not ready to say what Trump policies will do to economy

[Yahoo Finance] Fed 'dot plot' shows central bank will cut interest rates 2 more times in 2025

[The Hill] Young Americans richer than ever, sense ‘economic fragility’: Report

[Yahoo/Bloomberg] BOJ meets for final rate review this year as Trump risk clouds outlook

[Yahoo/Bloomberg] Can China Shield the Biggest Uninsured Economy From Floods?

[Bloomberg] Trump Says He Opposes Stopgap Government Funding Bill

[Bloomberg] Brazil Central Bank Calls New Spot Auction as Currency Craters

[Bloomberg] Trudeau’s Political Crisis Rips Up Playbook for Trade Fight With Trump

[Bloomberg] The Fed Is as Clueless as Markets

[NYT] Fed Cuts Rates, but Projects Fewer Reductions Next Year

[WSJ] Fed Signals Plan to Slow Rate Cuts, Sending Stocks Lower

[WSJ] The Fed Admits an Inflation Mistake

[FT] Federal Reserve cuts rates but ‘hawkish’ forecast hits stocks and sends dollar jumping

[FT] Brazil currency sell-off piles fiscal reform pressure on Lula

[FT] UK borrowing costs climb as ‘stagflation’ fear stalks gilt market

Wednesday Afternoon Links

[Yahoo/Bloomberg] Stocks, Bonds Drop After Fed’s ‘Hawkish Cut’: Markets Wrap

[Reuters] Brazil's real hits record low as markets eye govt spending

[CNBC] S&P 500 gives up gain as Fed signals fewer rate cuts next year: Live updates

[CNBC] Fed meeting live updates: Fed forecast disappoints markets as traders await more detail from Chair Powell

[AP] Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

[Yahoo Finance] Fed 'dot plot' shows central bank will cut interest rates two more times in 2025

[Yahoo/Bloomberg] Oil Rises as US Exports Grow, Kazakhstan Pledges to Limit Output

[Yahoo/Bloomberg] Brazil Finance Chief Says Real May Be Under ‘Speculative Attack’

[Yahoo/Bloomberg] Brazil Traders ‘Sell First, Ask Later’ as Panic Hits Markets

[Yahoo/Bloomberg] US current account deficit hits record high in the third quarter

[Yahoo/Bloomberg] US Housing Starts Fall to Four-Month Low on Multifamily Decline

[Yahoo/Bloomberg] MicroStrategy’s Saylor Wants to Add More ‘Intelligent Leverage’

[Yahoo/Bloomberg] World’s Worst Performing Currency Hurts Dollar Borrowers in Brazil

[WSJ] Elon Musk Eggs On GOP Rebellion Over Spending

[FT] China is rapidly expanding nuclear forces, says Pentagon