The most important events and reports on the economy, central banks and politics from the Dow Jones Newswires program
Villeroy: ECB must not rule out any political measures
According to the governor of the Banque de France, the European Central Bank should keep all options open in the coming meetings and not rule out further interest rate cuts. François Villeroy de Galhau told economists on Friday that financial market participants had the impression that the ECB’s easing cycle would be at 2 percent.
US core PCE inflation falls unexpectedly in September
As expected, inflation pressure in the US increased slightly in September, with core inflation unexpectedly falling. As the Bureau of Economic Analyzes (Bea) announced, the price index for private consumption expenditure (PCE deflator) rose by 0.3 percent compared to the previous month and was 2.8 (August: 2.7) percent above the level of the same month last year. Economists surveyed by Dow Jones Newswires had forecast growth rates of 0.3 and 2.8 percent, respectively. The core PCE deflator increased by 0.2 or 2.8 (2.9) percent. 0.2 and 2.9 percent were expected.
US consumer sentiment improved in December
US consumer sentiment brightened more than expected in December. The U.S. consumer sentiment index, calculated by the University of Michigan, rose to 53.3 in the mid-month survey. Economists polled by Dow Jones Newswires had expected a reading of 52.0. In the survey at the end of November it was 51.1.
IG Metall: Pension package must be followed by further steps
From IG Metall’s perspective, the pension package passed by the Bundestag can only be a first step towards secure and fair pensions in the long term. “The agreed extension of the holding line prevents a rapid drop in pension levels. This benefits not only the boomer generation, but also younger people. There is a risk of a decline in future pensions as early as 2031,” said social director Hans-Jürgen Urban. Germany needs long-term stabilization of levels, otherwise the pension gap will increase.
+++ Economic data +++
Canada Nov unemployment rate 6.5% (Oct: 6.9%)
Canada Nov Unemployment Rate FORECAST: 7.0%
Canada Nov employees +53,600 vs. Oct
Canada Nov Employees FORECAST: -5,000
DJG/DJN/apo/sha
(END) Dow Jones Newswires
December 05, 2025 1:00 p.m. ET (18:00 GMT)