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Fed’s Musalem Says Time to Pause Rate Cuts May Be Near

(Bloomberg) -- Federal Reserve Bank of St. Louis President Alberto Musalem said it may be appropriate to pause interest-rate cuts as soon as this month, emphasizing incoming data will guide his decision. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsMusalem indicated Wednesday that he wants to keep all options open ahead of the Fed’s next meeting on Dec. 17-18. The St. Louis Fed chief said he’d

China Tech Stocks Left Behind in Traders’ Hunt for AI Winners

(Bloomberg) -- China’s major technology stocks have been left behind in this year’s global frenzy over artificial intelligence, and a lack of demand for actual AI usage coupled with geopolitical pressures make it unlikely they can cash in anytime soon.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bi

Poland to Hold Rates Unchanged as Inflation Dip Seen Temporary

(Bloomberg) -- Poland extended its pause on interest rates to more than a year as policymakers look past a recent decline in inflation and weakening economic growth for a clear outlook to emerge.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe Monetary Policy Council kept its benchmark at 5.75% on Wednesday, in line with the forecasts of all 31 economists surveyed by Bloomberg. While headline i