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Good morning. US stock futures rose in Thursday morning trading as investors looked toward new consumer inflation data for greater insight on the economy.

📉 IMF, Yellen weigh economic fall out from Gaza war

📝 Our report: US Treasury Secretary Janet Yellen and her colleagues at the International Monetary Fund (IMF) are clear about one thing: the ongoing Israeli-Palestinian conflict has some massive implications for global economic growth prospects.

 🔑 Key points:

• The sudden outbreak of war in the Middle East added a further risk factor to a global economy already strained by increasing economic fragmentation.

• IMF first deputy managing director Gita Gopinath said the war could hit the economy if it expanded.

• Crude oil prices and safe haven currencies like the Japanese yen have risen alongside the Israeli-Palestinian standoff.

💡 So what: Geopolitical issues such as wars can complicate decisions by policymakers. Because of globalization, what happens in one part of the world can have spillover effects for other countries not directly involved (e.g. a spike in oil prices affects oil importing nations).

Thursday - US CPI Y-o-Y

Friday - No Major Economic News

📉 Don’t rule out a recession just yet experts say!

🧾 IRS says Microsoft has a BIG outstanding tax bill

🏦 World Bank chides UK over cutting aid

🏦 Fed treads cautiously…

WHAT: The US economy’s dance with uncertainty has the Federal Reserve feeling a bit more cautious these days. Minutes from the Fed’s September meeting showed policymakers grappling with risk they agreed had moved beyond inflation, and now included labor strikes, world energy and food markets and financial tightening.

WHY: The US central bank agreed at the meeting to hold rates steady even as a 12-7 majority indicated in new projections that one more rate hike might be needed by the end of the year to ensure inflation returns to the Fed’s 2% target.

🤖 No thanks ChatGPT

WHAT: Houston we have a chatbot ban! The US Space Force has paused the use of generative artificial intelligence (AI) tools like ChatGPT for its workforce over data security concerns according to a report from Reuters. The Space Force said it was prohibiting employees from using AI tools on government computers until the had permission to do so.

WHY: Uses of generative AI, powered by large language models, that ingest huge droves of past data to learn, have exploded in the last year.

🪄 The Magic Kingdom just got a bit more expensive…

WHAT: Hold on to those Mickey ears Disney lovers! The company announced that it would be hiking prices at it Florida Walt Disney World and California Disneyland theme parks. Annual passes for Walt Disney World will rise between $30 and $50 depending on the pass, with the highest price settling at $1499 for its most expensive Incredi-Pass.

WHY: Amid the price hikes, the company said it would be rolling out new offerings to improve the overall guest experience.

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