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News Highlights: Top Global Markets News of the Day

Fed's Beige Book finds economy has slowed - and so has inflation 

The U.S. economy slowed in November and inflation also tapered off, a Federal Reserve survey showed, suggesting the central bank could be finished raising interest rates if those trends continue.

S&P Slips, Halting November Gains 

Stocks wavered Wednesday, dampening a November rally that has sent the S&P 500 toward its best month since July 2022.

Fed's Mester says interest-rate policy is in a 'good place' 

Interest-rate policy is in a "good place" at present and can move in either direction based on how the economy evolves, said Cleveland Fed President Loretta Mester on Wednesday.

OPEC+ Mulls New Oil Production Cuts Amid Middle East Conflict 

OPEC and its Russia-led allies are considering new oil production cuts of as much as 1 million barrels a day, delegates said Wednesday.

Fed's Barkin says he is not willing to take another rate hike off the table 

The Richmond Fed president said he still needs to be convinced inflation is on a path to the 2% target.

GDP in the third quarter raised to 5.2% - but surge in growth is fading 

The U.S. economy grew at a somewhat faster 5.2% annual pace in the third quarter, but the surprisingly strong gain appears to have been a one-off.

Bank of Mexico Lifts Economic Growth Forecasts 

The Bank of Mexico raised its forecasts for economic growth this year and next, citing resilience in demand for Mexican exports, robust domestic consumption and plans for increased government spending in 2024.

Fed's Bostic says he's more confident in his soft-landing forecast 

Inflation will keep falling while economy avoids destructive downturn, the Atlanta Fed president says.

Biden to Limit Chinese Role in U.S. EV Market 

The Biden administration is expected to release tax credit rules on Friday that could shape the American market for electric vehicles.

German Inflation Falls More Than Expected on Falling Energy Prices 

German consumer prices were 3.2% higher in November, reaching their lowest level since June 2021, with the core rate also dropping significantly, a particular relief for European Central Bank policymakers.


(END) Dow Jones Newswires

November 29, 2023 17:15 ET (22:15 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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