November 21, 2025
United States:
Fed’s Williams Sees Room for an Interest-Rate Cut in ‘Near Term’
Federal Reserve Bank of New York President John Williams said he sees room for the US central bank to cut interest rates again in the near term as the labor market softens.
In the text of a speech, he delivered Friday in Santiago, Chile, Williams said downside risks to employment have increased while upside risks to inflation have eased.
Europe:
Euro-Zone Business Activity Remains Robust on Services Strength
Private-sector activity in the euro area stayed strong in November, feeding hopes that economic growth can pick up in the last months of the year.
The Composite Purchasing Managers’ Index compiled by S&P Global came in at 52.4, almost matching October’s 52.5 and still comfortably above the 50 threshold separating growth from contraction.
Asia:
Japan’s October Data Keep BOJ on Track for Gradual Rate Hikes
Japan’s inflation ticked higher and exports rose, keeping the Bank of Japan on track for an interest rate hike in coming months as Prime Minister Sanae Takaichi prepares an economic package aiming to soothe public discontent over rising living costs.
Consumer prices excluding fresh food rose 3% from a year earlier, according to the Ministry of Internal Affairs and Communications Friday, with rising costs for hotels, car insurance premiums and household durable goods exerting upward pressure on the gauge.
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