Latest News From Policy Update

More Economic Reality? Powell Speaks Wednesday, Employment Report Friday
More Economic Reality? Powell Speaks Wednesday, Employment Report Friday

Congress+Budget=Delays | House elections | Farm income | Antitrust hearing | RFS | Protests in China

China’s Covid Cases Soar; Central Bank Lowers Reserve Requirement Ratio
China’s Covid Cases Soar; Central Bank Lowers Reserve Requirement Ratio

Mega change: First vessel carrying Brazilian corn to China set to sail

U.S. Durable Goods Orders Surge 1%; U.S. Initial Jobless Claims at 3-Month High
U.S. Durable Goods Orders Surge 1%; U.S. Initial Jobless Claims at 3-Month High

Deere reports higher-than-expected profits, forecasts higher net income next year

Potential Rail Strike Update: What’s Up, How Railroads Are Planning
Potential Rail Strike Update: What’s Up, How Railroads Are Planning

WSJ report OPEC Considering 500,000 barrel-a-day production boost jolts crude oil market

COP27: Two Days Longer with Few Results
COP27: Two Days Longer with Few Results

Disney brought back Bob Iger as CEO and fired Bob Chapek after poor results

Congress Out While Turkeys Get a Pardon and White House Xmas Tree Arrives
Congress Out While Turkeys Get a Pardon and White House Xmas Tree Arrives

FOMC Minutes | Deere reports earnings | Weekly Export Sales report on Friday

Two Biggest Rail Worker Unions to Conclude Voting This Weekend
Two Biggest Rail Worker Unions to Conclude Voting This Weekend

Pelosi stays in House but steps down as Democratic leader for next Congress

GOP Retakes House by Slim Margin, Setting Stage for Divided Government
GOP Retakes House by Slim Margin, Setting Stage for Divided Government

Ukraine grain export pact extended for 120 days | Pelosi to announce ‘future plans’ today

Polish President: Missile Killing Two in Poland Probably Ukrainian Air Defense
Polish President: Missile Killing Two in Poland Probably Ukrainian Air Defense

Retail sales expand faster than expected, suggesting resilience in household spending

GOP 1 Seat Away from House Majority; Hobbs Defeats Lake in Arizona
GOP 1 Seat Away from House Majority; Hobbs Defeats Lake in Arizona

Biden/Xi ease contentious U.S./China relationship on several topics

U.S. House Fate Still Uncertain with Most Analysts Signaling Very Modest GOP Control
U.S. House Fate Still Uncertain with Most Analysts Signaling Very Modest GOP Control

More China moves on abandoning ‘zero Covid’; stimulus plan for residential real estate market

Dems Keep Senate Control; House Outcome Still Undecided
Dems Keep Senate Control; House Outcome Still Undecided

Russia/Ukraine | COP27 | Weakened Trump may announce his candidacy Tuesday

Inflation Report: Consumer Prices Rose 0.4% in October, Less than Expected, as Inflation Eases
Inflation Report: Consumer Prices Rose 0.4% in October, Less than Expected, as Inflation Eases

Mexico again says no to GMO corn | Midterm election update | Russia decoy?

Dems Do Better than Polls, Predictors Thought but GOP Takes House, Senate is Close
Dems Do Better than Polls, Predictors Thought but GOP Takes House, Senate is Close

Ticket splitters helped several Democratic candidates | Votes being tallied in Arizona, Nevada, Calif.

Chinese Officials Squash Rumors of End to Zero-Covid Policy
Chinese Officials Squash Rumors of End to Zero-Covid Policy

Midterm election day nears with GOP likely winning House and Senate very close

Election Day Tuesday: Who Controls Senate May Not be Determined Nov. 8
Election Day Tuesday: Who Controls Senate May Not be Determined Nov. 8

WASDE report Wed. | CPI report Thurs. | U.S./Taiwan trade talks | COP27

Jobs Report: U.S. Added More Jobs Than Expected; Equities Rally
Jobs Report: U.S. Added More Jobs Than Expected; Equities Rally

USDA expected to announce more details re: Emergency Relief Program

Fed’s Powell Will Not Yield in Battle to Defeat Inflation | U.S. Dollar Surges
Fed’s Powell Will Not Yield in Battle to Defeat Inflation | U.S. Dollar Surges

Mexico’s president shakes up his trade team as USTR Tai holds virtual meeting

Fed Focus Today as Market Expects Another Big Hike; Key Will Be Forward Guidance
Fed Focus Today as Market Expects Another Big Hike; Key Will Be Forward Guidance

Russia will resume participation in Black Sea grain deal

Putin: Not Ending, But Suspending Ukraine Export Pact; Cautions on Shipping Issues
Putin: Not Ending, But Suspending Ukraine Export Pact; Cautions on Shipping Issues

Has China changed its zero-Covid policy? Speculation said yes, but official said no

Fuel Company Issues Diesel Shortage Warning
Fuel Company Issues Diesel Shortage Warning

Russia again hits Ukraine infrastructure | U.S. says Putin back to using food as weapon

Russia Indefinitely Suspends Export Pact with Ukraine Following Drone Strikes
Russia Indefinitely Suspends Export Pact with Ukraine Following Drone Strikes

FOMC rate decision Nov. 2 | Pelosi comments on husband’s attack | Nov. 8 midterm elections

Mortgage Rates Above 7% Significantly Impacting U.S. Housing Market
Mortgage Rates Above 7% Significantly Impacting U.S. Housing Market

Husband of House Speaker Nancy Pelosi 'violently assaulted' by assailant at home

U.S. Economic Reports (GDP, Durable Goods) Beat Expectations… With Caveats
U.S. Economic Reports (GDP, Durable Goods) Beat Expectations… With Caveats

Russia warns West it can target commercial satellites | China’s Xi offers fig leaf

U.S. Officials Had Secret Oil Deal with the Saudis… But Plan Went Awry
U.S. Officials Had Secret Oil Deal with the Saudis… But Plan Went Awry

Pa. debate shocks some political analysts re: Fetterman’s display for Senate race

Rishi Sunak Takes Over as U.K. Prime Minister
Rishi Sunak Takes Over as U.K. Prime Minister

Assessments of Chinese leader Xi Jinping begin following Party Congress

Dominant Xi Follows China Party Congress as Loyalists Prevail in Key Positions
Dominant Xi Follows China Party Congress as Loyalists Prevail in Key Positions

CFTC launches new Commitments of Traders reports | U.S. slams Russia over 'dirty bomb' claims

Boris Johnson Pulls Out of U.K. PM Race; Rishi Sunak Now the Favorite
Boris Johnson Pulls Out of U.K. PM Race; Rishi Sunak Now the Favorite

Election watch | Diesel: supply, demand & price problems | Student loan forgiveness

Murky Fate for Ukraine’s Black Sea Grain Export Deal
Murky Fate for Ukraine’s Black Sea Grain Export Deal

Fertilizer prices falling | Europe loading up on Brazilian ethanol | Mortgage rates near 7%

British Prime Minister Liz Truss Reigns After Six Turbulent Weeks in Office
British Prime Minister Liz Truss Reigns After Six Turbulent Weeks in Office

Diesel supply of just 25 days poses problem for President Biden and Democrats

Biden to Tap Final 15 Mil. Barrels of 180 Million SPR Release, but Could Go Further
Biden to Tap Final 15 Mil. Barrels of 180 Million SPR Release, but Could Go Further

Republican midterm prospects brighten | Putin declares martial law in four regions of Ukraine

China Pulls Economic Secrecy as Key Report Delayed
China Pulls Economic Secrecy as Key Report Delayed

ERP payouts update | DMC signup begins | Another SPR release | China & Taiwan

New U.K. Finance Minister Advances Policy Announcements; Pound Rallies
New U.K. Finance Minister Advances Policy Announcements; Pound Rallies

Georgia Senate race tightens as voters list inflation as top issue | Drones hammer Kyiv

Xi Jinping Speech to Party Congress Aggressive, Leaving no Doubts About Taiwan
Xi Jinping Speech to Party Congress Aggressive, Leaving no Doubts About Taiwan

NYT poll shows swing to GOP candidates | Biden to unveil efforts to lower gas prices

U.K. PM Truss Sacks Finance Minister, Announces Replacement and U-Turns on Tax Policy
U.K. PM Truss Sacks Finance Minister, Announces Replacement and U-Turns on Tax Policy

China’s party congress starts Sunday and China watcher lists topics to be monitored

CPI Higher Than Expected, Giving Fed Ammo to Boost Rates Another 75 Basis Points
CPI Higher Than Expected, Giving Fed Ammo to Boost Rates Another 75 Basis Points

USDA’s NASS: Survey work for Florida citrus was done before Hurricane Ian

SCOTUS Hears Oral Arguments in Proposition 12 Case
SCOTUS Hears Oral Arguments in Proposition 12 Case

Producer Price Index rises at twice the rate expected | OPEC slashes oil-demand forecasts

SCOTUS Zeroes in on Key Prop 12 Issues
SCOTUS Zeroes in on Key Prop 12 Issues

Justices asked whether Prop 12 could lead other states to impose their moral values beyond their borders

Bomb Damages Crimean Bridge, a Key Supply Artery for Russia’s War Effort | Russia Retaliates ALL
Bomb Damages Crimean Bridge, a Key Supply Artery for Russia’s War Effort | Russia Retaliates ALL

Traders await U.S. inflation reports this week | USDA supply/demand updates Wednesday

Bomb Damages Crimean Bridge, a Key Supply Artery for Russia’s War Effort | Russia Retaliates
Bomb Damages Crimean Bridge, a Key Supply Artery for Russia’s War Effort | Russia Retaliates

Traders await U.S. inflation reports this week | USDA supply/demand updates Wednesday

USDA Reports Wednesday Vie with Gas Prices Today as Key Focus
USDA Reports Wednesday Vie with Gas Prices Today as Key Focus

SCOTUS on Tues. takes up Prop 12 case | Inflation reports Wed. and Thurs.

U.S. Jobs Report: Not Cooling Off Enough for Fed to Ease Up on Interest Rates
U.S. Jobs Report: Not Cooling Off Enough for Fed to Ease Up on Interest Rates

Biden warns of nuclear 'Armageddon,’ mulls off-ramp for Putin | Update on railroad strike issues

OPEC+ Oil Production Cut Gets Biden to Focus on Venezuela, Congress and Perhaps Another SPR Release
OPEC+ Oil Production Cut Gets Biden to Focus on Venezuela, Congress and Perhaps Another SPR Release

Gallop poll shows major shift to GOP | Karl Rove gives Senate predictions

Global Outlook ‘Looking Quite Grim’: WTO Chief
Global Outlook ‘Looking Quite Grim’: WTO Chief

Waiting on OPEC+ decision on production cuts

SCOTUS Gives Mixed Signals on WOTUS Deliberations
SCOTUS Gives Mixed Signals on WOTUS Deliberations

Report: White House rules out banning natural gas exports | U.S. equities continue rally

OPEC+ to Consider Wednesday Its Sharpest Production Cut Since Start of Pandemic
OPEC+ to Consider Wednesday Its Sharpest Production Cut Since Start of Pandemic

British gov’t drops plans to cut income tax for top earners | Is Credit Suisse in financial trouble?

Supreme Court on Monday Hears Oral Arguments Re: WOTUS Challenge to Clean Water Act
Supreme Court on Monday Hears Oral Arguments Re: WOTUS Challenge to Clean Water Act

Employment report Friday | Flurry of Fed speakers again | CR signed into law | Prop 12 challenge