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On September 18th, Nick Timiraos, the "Federal Reserve mouthpiece," stated: "When the Federal Reserve cut interest rates on Wednesday, it superficially looked like a routine monetary policy operation. The market reaction was relatively muted, and Chairman Jerome Powell largely avoided the heated disagreements sparked by the decision, despite it occurring against the backdrop of unprecedented political confrontation." The policy shift initiated by Powells rate cut on Wednesday may represent his last effort to demonstrate that an independent US central bank remains capable of guiding the economy in a complex environment, rather than surrendering its independence before officials more aligned with President Trumps priorities gain greater control. Powells term as chairman will end next spring. For the third time in his tenure, Powell attempted an extremely delicate maneuver: cutting interest rates not because a recession is imminent, but to prevent one.Nick Timiraos, the "Federal Reserve mouthpiece": This is the third time under Powells leadership that the Fed has begun cutting interest rates without facing a significant economic downturn. But given the more difficult inflation situation and political factors (the White Houses confrontational nature), the stakes in 2019 and 2024 will be different than they are now.New York Times CEO: Trump is using an "anti-media strategy."The Federal Reserve cut interest rates by 25 basis points as expected. Why did gold prices briefly rise before retracing all gains? Has the actual impact of previous interest rate adjustments truly lived up to expectations? The Futures Focus Timeline provides a summary.Japanese Chief Cabinet Secretary Yoshimasa Hayashi: We are monitoring the impact of the US economic situation on Japan.

Stellantis Stops Twitter Advertising While Musk Is Controlled

Aria Thomas

Nov 08, 2022 14:11

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Stellantis said on Monday that it would cease all sponsored advertisements on Twitter as it awaits the platform's evolution under Elon Musk's leadership.


The automaker told Reuters, "We are suspending paid advertising posts on Twitter until we have a clearer understanding of the platform's future under its new leadership." Stellantis was created by the merger of Fiat Chrysler and PSA, the maker of Peugeot automobiles (OTC:PUGOY).


Musk has said that Twitter's revenue has decreased "massively" since he acquired control ten days ago.


Twitter did not immediately respond to a request for comment.


Stellantis has suspended advertising on Twitter, joining United Airlines, General Mills Inc (NYSE:GIS), Audi of America, and General Motors Co. (NYSE:GM).


Gilead Sciences Inc. (NASDAQ:GILD) said on Monday morning that the company and its subsidiary Kite were "in the process of discontinuing advertising" on Twitter.