Business inflation expectations in November remained “relatively unchanged at 2.2%, on average, according to the Atlanta Fed. The bank’s latest poll shows inflation expectations holding near the lowest level in 3-1/2 years.

Strong demand for all things artificial intelligence drives chipmaker Nvidia earnings higher in the third quarter. The belwhether company for AI also reports that revenue nearly doubled while net income during the quarter rose to $19.3 billion, or 78 cents per share, versus $9.24 billion, or 67 cents per share, in the year-ago period.

Federal Reserve Bank of Boston President Susan Collins reiterated her outlook on Wednesday that the US central bank will cut rates again as it continues to normalize monetary policy. “I expect additional adjustments will likely be appropriate over time, to move the policy rate gradually from its current restrictive stance back into a more neutral range,” she said in a speech. But…

Federal Reserve Bank of Richmond President Tom Barkin says the US is becoming more vulnerable to inflationary shocks. “We’re somewhat more vulnerable to cost shocks on the inflation side, whether they be wage-[related] or otherwise, than we might have been five years ago,” he tell the Financial Times.

Department of Justice asks court asks court to force Google to spin off its Chrome browser. The request states that Google has an illegal monopoly on internet search. “The playing field is not level because of Google’s conduct, and Google’s quality reflects the ill-gotten gains of an advantage illegally acquired,” the government lawyers wrote. “The remedy must close this gap and deprive Google of these advantages.”

US 10-year Treasury yield holds near four month high, trading at 4.41% on Wednesday: