Trump: Will not pull off Russia oil sanctions

NEW YORK FED'S WILLIAMS: FED CAN STILL CUT RATES IN THE NEAR TERM GIVEN CURRENT POLICY IS MODESTLY RESTRICTIVE WILLIAMS: INFLATION PROGRESS HAS STALLED, BUT SHOULD BE ON TRACK TO 2% IN 2027 *FED'S WILLIAMS STILL SEES ROOM FOR A NEAR-TERM RATE CUT Williams: Navigating Unpredictable Terrain Good morning. It’s a pleasure be here to celebrate the 100th anniversary of the Central Bank of Chile. The topic of my remarks today is inflation targeting, which is both an important part of Chile’s central banking history and a core foundation of successful monetary policy. Most central banks around the world have adopted inflation targeting regimes over the past 35 years, and Chile was among those leading the way. Although specifics vary across jurisdictions, these strategies share three principles: independence and accountability, transparency and the clear communication of an inflation target, and well-anchored inflation expectations, gained from the credibility that central banks build over time.1 Today I will discuss the success of inflation targeting strategies in helping central banks achieve price stability and better economic outcomes. I’ll also talk about how these strategies were critically important in managing uncertainty after the onset of the COVID-19 pandemic—and how they helped countries bring inflation down while minimizing disruptions to financial markets and economies. Fed's Williams: Tariffs adding half to three-quarter PPT to inflation

BLS: There will be no October CPI report. US BLS : CONSUMER PRICE INDEX FOR NOVEMBER TO BE RELEASED ON DEC. 18-STATEMENT Revised news release dates following the 2025 lapse in appropriations BLS will announce revised news release dates on this page as they become available. We appreciate your patience while we work to get this information out as soon as possible, as it may take time to fully assess the situation and finalize revised release dates. table Consumer Price Index (CPI): BLS could not collect October 2025 reference period survey data due to a lapse in appropriations. BLS is unable to retroactively collect these data. For a few indexes, BLS uses nonsurvey data sources instead of survey data to make the index calculations. BLS is able to retroactively acquire most of the nonsurvey data for October. Where possible, BLS will publish October 2025 values for these series with the release of November 2025 data. BLS will publish the November 2025 CPI news release on December 18, 2025. This news release and database update will not include 1-month percent changes for November 2025 where the October 2025 data are missing. With the November release, BLS will also finalize fourth quarter 2024 Chained CPI-U data series values and update 2025 first quarter through third quarter values. BLS has not yet determined a publication date for special research series, such as the CPI for new tenant rent and CPI for all tenant regressed rent.

Fed's Miran: Implications of yesterday's data 'obviously dovish'. Fed's Miran: I would vote for a 25-bps cut if my vote were a marginal vote MIRAN SAYS WE SHOULD BE FORECAST-DEPENDENT, NOT DATA-DEPENDENT MIRAN SAYS LABOR MARKET DATA NOT AS STRONG AS WE WOULD LIKE MIRAN SAYS FINANCIAL CONDITION THAT MATTERS MOST IS HOUSING