Ukraine to receive US$1 billion from World Bank and more funds from EU

Ukraine will attract more than US$1 billion in soft loans from the World Bank and €150 million from the EU.

Ukraine's Prime Minister Denys Shmyhal

Details: According to Shmyhal, this money was accumulated thanks to the governments of Japan and the United Kingdom.

In addition, another government's decision will result in an additional €150 million from the EU.

Quote: "Within the framework of this agreement, the money will be directed to the rebuilding of port infrastructure and rapid reconstruction projects," Shmyhal told reporters.

In addition, €65 million will be used to fund a free nutrition programme for elementary school students in 2025.

Background: The World Bank has unveiled a new US$750 million support package for Ukraine.

UP or becomeour patron!

The post-election stock market rally sparked by Donald Trump's victory has begun to lose momentum. Huntington Private Bank director of wealth strategy Dan Griffith joined Market Domination Overtime to analyze the key factors driving this shift. Griffith highlights that investors are primarily concerned about the evolving tax landscape. Griffith explains there will be "a different tax picture" in the future, noting that these changes particularly impact small and mid-market business owners. With the current tax cuts set to expire in 2026 and Republicans gaining control of both the House and Senate, Griffith expects most of these tax benefits to "go away." However, he states: "The real question is.... with the deficit still out there and the budget rules still in place, which ones are gonna be picked?" To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith

DALLAS (Reuters) -Ongoing economic growth, a solid job market, and inflation that remains above its 2% target mean the Federal Reserve does not need to rush to lower interest rates, Fed Chair Jerome Powell said on Thursday in remarks that may point to borrowing costs remaining higher for longer for households and businesses alike.Powell affirmed that he and his fellow policymakers still consider inflation to be "on a sustainable path to 2%" that will allow the U.S. central bank to move monetary policy "over time to a more neutral setting" that isn't meant to slow the economy. But what that neutral rate might be in the current environment and how quickly the Fed might try to reach it all remain up in the air, particularly as central bankers assess both the ongoing strength of the economy and the impact the incoming Trump administration's policies, from higher tariffs to less immigrant labor, may have on economic growth and inflation.

President-elect Donald Trump's "Department of Government Efficiency (DOGE)" initiative hopes to cut federal spending by as much as $2 trillion. Trump has tapped billionaire backer Elon Musk and entrepreneur Vivek Ramaswamy to lead this agency. Yahoo Finance host Julie Hyman examines what kind of impact these massive budget cuts could have on US gross domestic product (GDP) and the broader US economy. Citi chief US economist Andrew Hollenhorst joined Yahoo Finance earlier to talk about how Congress, especially Republican lawmakers, may feel about these spending amendments. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.

Euro zone employment rose a touch more than expected last quarter and the economy expanded at a respectable pace, keeping alive hopes for a soft landing after more than a year of near-stagnation, fresh data showed on Thursday. Employment in the 20-nation euro zone grew by 0.2% on the quarter, twice as fast as predicted in a Reuters poll of economists, pushing up the annual growth rate to 1.0% from 0.9% three months earlier. While employment growth remains relatively weak, the figures may still ease fears that a downturn in the jobs market could drag the bloc into recession, especially given weak external demand and the poor performance of industry.

The Producer Price Index (PPI) for the month of October came in hotter than expected, rising 0.2% month-over-month, as expected, and 2.4% year-over-year, compared to the 2.3% estimated. Wolfe Research chief economist Stephanie Roth sits down with Morning Brief Hosts Seana Smith and Brad Smith to discuss the print and what it says about the US economy and the Federal Reserve's next move. "Today's data was a little bit disappointing. It came in a little bit firmer, especially for financial services and airlines, which is what we look to gauge where core [Personal Consumption Expenditures] PCE is going to come in at the end of the month," Roth tells Yahoo Finance. The economist says, "The Fed probably still can cut in December. Their bias is toward cutting, but they'll probably have to have to go at a slower pace next year. So our base case is they'll cut at a quarterly cadence as opposed to every meeting." Roth outlines her base case that the Fed, going forward, will make three cuts in 2025 and then pause several meetings to assess President-elect Donald Trump's proposed tariffs. She says that immigration and animal spirits are the key factors for the US economy in 2025. Looking ahead to 2026, Roth says tariffs will be the main focus as that's when "Trump's real fiscal policies have an impact." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.

(Reuters) -Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy. Powell said at a Dallas Fed event that with the economy still growing, the job market solid and inflation still above the 2% target, the Fed can deliberate carefully on rate cuts. While traders were still betting on a 25-basis point reduction at the Fed's December meeting, the probability fell to 62% from 76% earlier in the afternoon and from 82.5% on Wednesday, the CME FedWatch tool showed.

STORY: U.S. consumer prices increased modestly in October, which could result in fewer interest rate cuts from the Federal Reserve next year.The consumer price index, out Wednesday from the Labor Department, rose 0.2% for the fourth straight month, in line with economists' expectations.That put the annual inflation rate at 2.6% - down considerably from a peak of 9.1% in June of 2022, but still above the Fed's 2% target.More than half the increase came from the cost of shelter - which includes rents as well as hotel and motel rooms.Frustration over inflation helped to propel Republican Donald Trump to victory in last week's presidential election over Democratic Vice President Kamala Harris.Economists, however, are forecasting higher inflation next year if Trump forges ahead with his economic policies, including tax cuts and higher tariffs on imported goods. Though the U.S. central bank is still expected to cut interest rates again in December, economists see the scope for more cuts next year as limited. After Wednesday's warmer CPI report, one economist told Reuters (quote) "It is clear that the Fed's job is still unfinished."

Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed's officials want to see where it heads next. Powell, speaking in Dallas, said that inflation is edging closer to the central bank's 2% target, "but it is not there yet." "The economy is not sending any signals that we need to be in a hurry to lower rates," the Fed chair said.

The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year peaks as Federal Reserve rate cut doubts also weighed on Treasuries and world stocks. Fed Chair Jerome Powell said on Thursday there was no need to rush rate cuts to support a robust U.S. economy, and while he has pledged not to pre-empt President-elect Donald Trump's policies, traders sharply re-priced the outlook. The dollar index, which tracks the U.S. currency against peers including the euro and Japan's yen, was 0.3% lower on the day but headed for a 1.5% weekly rise.

Faced with another monthly round of stubborn inflation and uncertainty about fiscal, tariff and immigration policy ahead, the Federal Reserve is getting cagier about the extent of further policy easing. Fed boss Jerome Powell didn't give much away in a keenly-watched set-piece speech on Thursday, but made it clear that the central bank still sees a robust economy and has a lot of new information to take on board in deciding just how much further it should lower interest rates. "The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said at a Dallas Fed event.