Fed's Musalem: The US economy is pretty resilient

FED'S MIRAN: POTENTIAL END TO GOVERNMENT SHUTDOWN DOESN'T CHANGE OUTLOOK MUCH Fed's Miran: Data since September suggests Fed should be more dovish than its September view. FED'S MIRAN SAYS INFLATION DATA IS STALE AND IT IS COMING DOWN Fed's Miran: Some of my colleagues are looking at backwards-looking inflation. MIRAN: 50 BPS CUT APPROPRIATE FOR DECEMBER, 25 BPS AT A MINIMUM

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

The Senate has reached a bipartisan deal to extend government funding, in a major sign the shutdown is poised to end TRUMP: “LOOKS LIKE WE’RE GETTING VERY CLOSE TO THE SHUTDOWN ENDING.” Shutdown end in sight as centrist Democrats back Senate stopgap deal to reopen government The U.S. government shutdown appeared close to ending after a group of centrist Senate Democrats agreed to support a stopgap deal to reopen key agencies and provide temporary funding. • Under the proposal, federal employees would receive back pay and states would resume delayed federal transfers. • The measure would fund certain departments through January 30, while others would receive full-year appropriations. However, the bill faces a tough path in the House. Democratic leaders have spoken out against the compromise, arguing it concedes too much to Republicans. At the same time, conservative GOP lawmakers are pushing for a broader package that would fund the entire government through September 30, setting up another potential standoff. The agreement marks the most serious bipartisan effort yet to end the protracted shutdown, though the political divisions underscore the difficulty of reaching a lasting budget deal.