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15min DelayClose Nov 29 13:00 ET
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    From Fruit to Cars, Prices Will Surge
    Yale Budget Lab data shows Trump’s tariff policies and retaliatory measures could push U.S. CPI up by 0.75 percentage points. Import-reliant automakers are expected to be hit hard, with analysts projecting EPS declines of 50% for GM and Stellantis, and 25% for Ford.
    $S&P 500 Index (.SPX.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Donald Trump (LIST22962.US)$ $Trump Media & Technology (DJT.US)$
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    Treasury Secretary nominee Besant faces the challenge of refinancing $6.7 trillion in maturing bonds in 2024—nearly a quarter of the $28 trillion in outstanding U.S. government debt. Economists previously criticized Yellen for increasing short-term debt issuance, compounding this issue.
    Bloomberg's Robert Burgess warned that this massive maturity burden could keep Besant awake at night.
    Trump’s fiscal polici...
    Services prices, up 0.4%, drove October inflation, reflecting a surge in portfolio management fees in line with equity market gains. U.S. personal income for October significantly exceeded expectations. PCE data supports the Fed’s cautious approach to future rate cuts.
    While the market still expects a December rate cut, the Nasdaq 100 fell over 1% after the data release. Weekly initial jobless claims stood at 213,000, rema...
    Global markets
    Overnight, the US markets took a cautious step after soaring to record high, ahead of Thanksgiving holiday. All 3 indices were in red territory, DJ (-0.31%), S&P (-0.38%) and Nasdaq (-0.59%).
    PCE price index met expectations, annual 2.3% while core PCE was up 2.8% in October. The inflation gauge is still above 2% Fed’s target. The inflation data increased the probability of 25 bps rate cut in December from 63% a day earlier to 67% according...
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