Tidbits, U.S. Economy PMI, Trade War with China, Crude Oil 10/25/25
- Wright team
- 14 hours ago
- 5 min read
Tidbits
Venezuela: The Pentagon announced yesterday the aircraft carrier USS Gerald R. Ford with its Strike Group has been ordered to Latin America to target drug trafficking organizations, marking a significant increase of the U.S. military buildup in the Latin American region.
U.S. Economy: Markets have priced-in nearly a 99% probability the Federal Reserve will reduce the Fed Fund interest rate 25 basis points (a quarter of a percent) next week, with similar odds for another cut in December. This is after the U.S. retail inflation rate (CPI) for the past year was reported yesterday morning to be 3.0%, one-tenth of a percent less than the market expected, but the highest inflation rate since January.
It seems “everyone” has forgotten the Fed’s annual inflation target is 2% because after the inflation news was released yesterday, all three stock market indexes made new all-time highs and the dollar traded lower. The U.S. PMI numbers released yesterday were also supportive for Wall Street markets.
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