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Avian flu virus decimated turkey flocks in the United States to their lowest level in 40 years before the 2025 holiday season.

Food stamps were cut this week and it looks like air travel is next. Sources cited by Reuters say the Federal Aviation Administration is working to hammer out details of flight cuts that will start tomorrow.

That’s going to make a different subset of voters angry and might even get politicians to start working together.

This article was written by Adam Button at investinglive.com.

Food stamps were cut this week and it looks like air travel is next. Sources cited by Reuters say the Federal Aviation Administration is working to hammer out details of flight cuts that will start tomorrow.

That’s going to make a different subset of voters angry and might even get politicians to start working together.

This article was written by Adam Button at investinglive.com.

President of the Federal Reserve (Fed) Bank of Chicago, Austan Goolsbee, stated in an interview with CNBC on Thursday that the unemployment rate remains essentially unchanged and that he cannot rely on inflation being transitory.

• Most of labour market indicators show stability in market
• We should be careful taking payroll job number drop as an indicator of job market (unemployment rate is a better indicator now)
• Mild cooling in labour market
• The unemployment rate is basically unchanged
• There’s a little downside risk to the labor market
• There’s a lot of stability
• Recession starts are not usually low hiring and low firing
• Low hiring and low firing is character of an uncertain environment
• There’s very little private sector information about inflation, it will be some time before we see any problems
• We can’t count on inflation being transitory
• Consumer spending and growth is strong
• I am more uneasy about rate cuts without inflation data
• For data to go dark right at the moment we saw services inflation rising is uncomfortable
• Not hawkish on rates
• The settling point for rates will be a fair bit below where it is today
• I lean more to “when it’s foggy lets be careful and slow down”
• Lack of inflation data accentuates caution on rate cuts

Goolsbee has been leaning more on the hawkish side for months despite supporting a couple of rate cuts due to the weakness in labour market data (when we had it).

Goolsbee is a voter this year and he’s clearly saying here that if we don’t get the CPI data before the next FOMC meeting, he won’t support another rate cut.

This article was written by Giuseppe Dellamotta at investinglive.com.

• Most of labour market indicators show stability in market
• We should be careful taking payroll job number drop as an indicator of job market (unemployment rate is a better indicator now)
• Mild cooling in labour market
• The unemployment rate is basically unchanged
• There’s a little downside risk to the labor market
• There’s a lot of stability
• Recession starts are not usually low hiring and low firing
• Low hiring and low firing is character of an uncertain environment
• There’s very little private sector information about inflation, it will be some time before we see any problems
• We can’t count on inflation being transitory
• Consumer spending and growth is strong
• I am more uneasy about rate cuts without inflation data
• For data to go dark right at the moment we saw services inflation rising is uncomfortable
• Not hawkish on rates
• The settling point for rates will be a fair bit below where it is today
• I lean more to “when it’s foggy lets be careful and slow down”
• Lack of inflation data accentuates caution on rate cuts

Goolsbee has been leaning more on the hawkish side for months despite supporting a couple of rate cuts due to the weakness in labour market data (when we had it).

Goolsbee is a voter this year and he’s clearly saying here that if we don’t get the CPI data before the next FOMC meeting, he won’t support another rate cut.

This article was written by Giuseppe Dellamotta at investinglive.com.

The USDCHF moved higher yesterday, marking its sixth consecutive daily gain, though the advance was modest—only about a pip or two—closing at 0.8102. The high for the day reached 0.81235, the highest level since August 11.

However, momentum has slowed today, with the price retreating toward a swing area between 0.8071 and 0.8076. The 100-hour moving average, currently near 0.80793, also sits in that zone and will serve as a key short-term barometer for both buyers and sellers.

For traders today, a move below this area could invite further downside probing after the six-day run-up, while holding above it would suggest that buyers remain in control and that the current pullback is merely a correction within a bullish trend. Key level for both buyers and sellers to start the US session.

This article was written by Greg Michalowski at investinglive.com.