A day of significant global developments is underway, as a new chapter begins for the world’s most scrutinized airplane, a major pivot in central bank policy takes shape, and a powerful “debasement trade” sends both gold and Bitcoin soaring to new heights.
Here’s your one-stop stand to catch up on all the headlines you may have missed.
Boeing is reportedly preparing to ramp up 737 Max production as soon as October
Boeing Co. is guiding its suppliers that it could increase its 737 Max output to a 42-jet monthly tempo as early as October, a powerful signal of growing optimism at the planemaker as it works to win back the trust of US regulators.
According to people familiar with the confidential plans, the company is also laying the groundwork to increase its production pace again in April and late 2026, a move that could potentially boost output to about 53 jets a month by the end of next year.
For investors, a rate increase for Boeing’s most important product is the clearest sign yet that management is finally regaining a grip on its factory processes after years of damaging missteps.
The Federal Reserve is set to drive a new wave of global rate cuts as Europe pauses
The Federal Reserve and its global peers appear set to continue cutting interest rates for the rest of the year, a stark contrast to Europe, where most central banks are now shifting to a holding pattern.
According to Bloomberg Economics, reductions in borrowing costs are predicted for 15 major central banks, with the Fed expected to follow up its cut last month with two more by year-end.
Policymakers from Frankfurt to London, however, are now forecast to halt their easing cycles to gauge the stubbornness of inflation, a major divergence in global monetary policy.
Thai inflation remains negative for a sixth straight month, paving the way for a rate cut
Thailand has reported that its inflation rate dipped below zero for a sixth consecutive month, a development that is likely to give the central bank the green light to cut interest rates this week.
The consumer price index fell 0.72 percent in September from a year ago, a decline driven by state energy subsidies and lower fuel and food prices.
This combination of easing inflation and a softening economic outlook has convinced the majority of economists that the Bank of Thailand will reduce its benchmark rate by 25 basis points at its meeting on Wednesday.
Gold and Bitcoin surge as the ‘debasement trade’ grips the market
A powerful “debasement trade” is taking hold of global markets, as investors flock to the perceived safety of gold, silver, and Bitcoin while pulling away from major currencies grappling with deep-seated fiscal concerns.
The Japanese yen tumbled on Monday after a pro-stimulus lawmaker was positioned to become the country’s next prime minister, while the US dollar remains under pressure as the government shutdown drags on.
This is boosting the appeal of alternative assets, with gold surging to a fresh all-time high on Monday and Bitcoin hovering near the record it set over the weekend.
The political situations in these countries “give you a reason to buy gold and Bitcoin as debasement hedges,” said Chris Weston, head of research for Pepperstone Group.
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