The Federal Reserve left interest rates unchanged yesterday, but the central bank continued to signal that a hike at next month’s policy meeting remains a possibility. The reasoning is that the US economy continues to post solid growth. But a closer look at the numbers suggests that the pace of expansion is slowing. There are also hints that the reflation trend over the past year or so may be rolling over. If so, the case could be weakening for more policy tightening.
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Ex-marine identified as gunman in Thousand Oaks, Calif. shooting: CNN
Fed leaves rates unchanged, noting slowdown in business invesment: CNBC
China’s car sales declined for fourth month in October: Reuters
China’s inflation remained tame in October: Bloomberg
Trump rolls out regulation to limit asylum access at the US-Mexico border: Politico
Florida’s Senate race still in doubt and recount is likely: The Hill
Democrat pulls ahead in Arizona’s too-close-to-call Senate race: The Hill
Federal judge blocks Keystone XL pipeline construction: NY Times
US jobless claims ticked down last week, holding near multi-decade low: CNBC
Crude oil (W. Texas Int.) falls again, settling at lowest price since March: MW