[Federal Reserve Governor Milan: Market Core PCE Near 2%] Federal Reserve Governor Milan stated that the market-based core Personal Consumption Expenditures (PCE) is closer to 2%. He also emphasized that policy should not mechanically react to stock market increases.

[Federal Reserve Governor Milan Says Further Rate Cuts Remain Reasonable] On November 6, Federal Reserve Governor Milan stated that further rate cuts remain reasonable.

[Federal Reserve Governor Milan Says ADP Data Shows Unexpected Positivity] On November 6, Federal Reserve Governor Milan stated that the ADP data performance is encouraging, and the employment market trend prior to the U.S. government shutdown seems to be continuing.

[U.S. Supreme Court Debates Legality of Trump's Tariff Policy] On November 5 local time, the U.S. Supreme Court began deliberations on the legality of President Trump's large-scale tariff imposition. This case is seen as a significant test of the boundaries of President Trump's authority and the expansion of his executive powers, with potential implications for the global economy. The U.S. Department of Justice was represented in court by D. John Sauer, the Trump administration's lead Supreme Court attorney and Solicitor General. Previously, on October 30, the U.S. Senate passed a resolution by a vote of 51-47, calling for the repeal of the "national emergency" invoked by the Trump administration in early April to implement "reciprocal tariffs." Public opinion suggests that this reflects Congress's attempt to limit the White House's trade authority.

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