2 foreigners arrested after scammers posing as government officials dupe woman into buying over S$412,000 in gold

The U.S. economy has remained remarkably resilient this year, navigating uncertainty, changes in government policy, including tariffs, immigration, deregulation, and taxes, an AI-driven technology surge, and modestly restrictive monetary policy. At the same time, inflation, subtracting the impact of tariffs on goods prices, has gradually declined, although it remains elevated. This is all good news and reflects the economy’s underlying strength and our ongoing progress in restoring price stability. But the balance of risks has clearly shifted, as the labor market has rapidly softened and inflation has risen less than many projected earlier in the year. The Federal Open Market Committee (FOMC) appropriately reduced the policy rate—by a total of 50 basis points this year—as part of prudent risk management. These adjustments provide needed insurance for the labor market, while maintaining a modestly restrictive policy stance to further reduce inflation. Fed's Daly: Restrictive policy is having a downward pressure on inflation FED'S DALY SAYS TARIFFS MAINLY AFFECT GOODS, NOT SERVICES OR OTHER AREAS FED'S DALY: WE ARE LIKELY EXPERIENCING A NEGATIVE DEMAND SHOCK

Fed's Daly: Inflation Has Been Pretty Contained In Goods Prices – BBGTV - Rate Cut So Far Has Supported Labor Market, Keeps Downward Pressure On Inflation - Productivity, GDP Is Rising As Labour Market Is Slowing - Policy Is In A Good Place SF FED'S DALY Q&A/BBG: GOOD NEWS THAT INFLATION SLOWING OUTSIDE OF TARIFFED GOODS; PRODUCTIVITY RISING AND MONPOL STILL MILDLY RESTRICTIVE #Daly #FederalReserve #economy Fed's Daly: We are not going to see inflation pressure from labor cost side. Fed's Daly: Slowing Wage Growth Shows It's A Negative Demand Shock In Labor Market - If Firms Were Scrambling To Find Workers Wages Would Rise - We’re Definitely In A Low-Firing, Low-Hiring Period DALY: ASSET VALUATIONS REFLECT HIGHER PRODUCTIVITY EXPECTATIONS, WHETHER AI ENDS UP TO BE TRANSFORMATIVE OR NOT