Wall Street rose on Wednesday, with investor optimism lifted by strong bank and corporate earnings alongside growing expectations for further Federal Reserve rate cuts — keeping trade concerns sidelined for now.
The Treasury Secretary also stated that the U.S. must take a more active stance in shaping industrial policy, particularly in sectors exposed to strategic competition with China.
Greer added that the Trump administration could still follow through on the new 100% tariffs on China, or implement them even sooner, but noted that “a lot depends on what the Chinese do.”
According to a Bloomberg report, Bowman added that the U.S. version of the Basel III norms is currently being negotiated with the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency.
During an interview on Fox Business’ “Mornings with Maria” on Monday, Bessent said that there had been “substantial communication” over the weekend between the U.S. and China.
Gold has shattered records, surging above an unprecedented $4,000 per ounce, marking its eighth consecutive week of gains as of October 10, 2025. This historic rally is largely fueled by a potent mix of escalating geopolitical tensions, persistent economic uncertainties, and a significant new catalyst: former President Donald Trump's
This comes after the Trump administration sent a new proposal to the EU earlier this month, asking it to revise several laws around technology, digital, and corporate environmental sectors.
According to a CNBC report, the CPI report was originally scheduled to be released on October 15, but the department had paused work due to the shutdown.
U.S. stocks edged lower on Thursday, pausing after a record-setting run. The S&P 500 slipped 0.4% by midday in New York, retreating from an all-time high of 5,674 hit at the open.
