[U.S. September Core PPI Year-on-Year Growth at 2.6%, Below Expectations] The U.S. September Core Producer Price Index (PPI) grew 2.6% year-on-year, below the expected 2.7%, with the previous value at 2.8%.

[U.S. Treasury Secretary Besent Says the Federal Reserve Should Step Back and Simplify Measures] On November 25, U.S. Treasury Secretary Besent stated that the Federal Reserve's 'ample reserves system' might be slightly unraveling and needs simplification. He expressed concern about rising living costs and pointed out that the Federal Reserve's policies need to focus on the future. He also mentioned that Federal Reserve governors seem inclined toward cutting interest rates.

[Federal Reserve Governor Milan Calls for Lower Mortgage Rates] Federal Reserve Governor Milan stated that mortgage rates need to be lowered.

[U.S. Treasury Secretary Besent Says Federal Reserve Governors Lean Toward Rate Cuts] U.S. Treasury Secretary Besent stated that Federal Reserve governors seem to lean toward rate cuts.

[U.S. Treasury Secretary Besent: Shutdown causes U.S. GDP loss exceeding $11 billion] U.S. Treasury Secretary Besent stated that the government shutdown has led to at least a 1.5% reduction in U.S. GDP, with economic losses exceeding $11 billion.