Christine Lagarde, President of the European Central Bank: the European labor market conditions are better than expected. Inflation has dropped significantly, and employment costs are low.
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ECB President Lagarde: European labor market conditions better than expected
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Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.
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The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.
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Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
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