FameEX Morning Crypto News Recap | November 10, 2025
2025-11-10 04:35:04Trump Drops: Shutdown “Will Be Over Very Quickly”
President Trump posted Nov 10: U.S. government shutdown is about to be resolved.
Weekly Macro Preview: CPI Goes AWOL, as Fed Speakers Flood the Wires
This week's key macroeconomic events include:
On Wednesday, Speeches from New York Fed President Williams, Philadelphia Fed President Harker, and US Treasury Secretary Bessent are scheduled.
On Thursday, US October CPI data (including unadjusted year-on-year and seasonally adjusted month-on-month figures) will be released. A speech from Atlanta Fed President Bostic is scheduled, and the Bank of Canada will release its monetary policy meeting minutes.
On Friday, US October retail sales month-on-month and PPI data are due. Speeches from St. Louis Fed President Bullard, Cleveland Fed President Mester, and Kansas City Fed President George are scheduled.
On Saturday, Dallas Fed President Logan and Atlanta Fed President Bostic will participate in a meeting dialogue.
U.S. Shutdown Could Drag Q4 GDP Below Zero
NEC Director Kevin Hassett warns: prolonged government shutdown will turn Q4 GDP negative.
Trump Tariff “Dividend” to Be Delivered as Direct Tax Relief, Says U.S. Treasury Secretary
Treasury Secretary Scott Bessent: Trump’s $2,000+ tariff dividend will hit Americans’ pockets through tax cuts—no tax on tips, overtime, or Social Security benefits, plus brand-new deductions for car-loan interest.
CME Pegs: December Cut at 66.5%
CME FedWatch just lit up: 66.5% probability of a 25bp cut in December (33.5% hold). By January 2026: 53% for at least 25bp cumulative easing, 27.3% for full 50bp, and only 19.8% chance rates stay unchanged.
Middle-Class Financial Stress Now a Systemic Risk, Says NY Fed’s
NY Fed’s John Williams: Middle- and low-income families are buckling under relentless financial pressure, risking America’s economic resilience. Wealthy households enjoy stock gains, but inflation stays stubbornly high. December rate call will be a delicate balance as affordability pain hits consumer confidence and spending.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.