Top Fed official warns progress on taming US inflation ‘may be stalling’

Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic data

Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation

Waller cited recent data indicating that progress on inflation may be 'stalling.'
CNBC - 3h
Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation

Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.
NBC News - 2h
GiftShop, a New French Startup, Curates and Sells Merch From Paris

A new Parisian start-up is selling merch — a word “you can’t even translate into French” — for some old-school establishments.
The New York Times - 22h
FirstFT: Nato chief Mark Rutte’s warning to Trump

Also in this newsletter, China’s chip industry hit with new US export controls, and Indian steelmaker JSW to launch own EV brand
Financial Times - 1h
Huge sinkhole is still growing, council leader warns

It could be months until evacuated residents are able to return to their homes, one homeowner says.
BBC News - 5h
Long-time NFL official Dale Hamer dies at 87

Dale Hamer, a long-time NFL game official and then a replay official, has died.
Yahoo Sports - 6h
Under Powell, the Fed Makes Monetary Policy Boring Again

The central bank no longer needs to play a prominent role in the U.S. economy, which is running more normally as the pandemic crisis recedes.
Inc. - 5h