Good economic data, and the coming Trump presidency, have thrown everything into doubt.
After its single-minded attention on bringing inflation down, the central bank has pivoted toward achieving a so-called soft landing.
Financiers, ready for dealmaking, are no longer scared to embrace the former president.
Investors’ hopes for large-scale support for the economy were dashed after an anticipatory stock-market surge in recent weeks.
Global Calendar
MONDAY, NOV 11
- Belgium: Armistice Day (BE)
- France: Armistice Day (FR)
- Canada: Remembrance Day (CA)
TUESDAY, NOV 12
- CPI (DE)
- UK monthly unemployment figures (GB)
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FED STATEMENT TRACKER
The Federal Reserve releases a statement at the conclusion of each of its policy-setting meetings, outlining the central bank’s economic outlook and the actions it plans to take.