The future US president will appoint Elon Musk (together with Vivek Ramaswamy) to head a new office for government efficiency (independent of the Office of Management and Budget).
The US Dollar extended further its move higher, regaining traction after a negative first half of the session and climbing to new 2024 peaks after US CPI ticked higher in October as well as prudent remarks from Fed officials.
Here is what you need to know on Wednesday, November 13: The Trump trades-inspired broader market rally takes a breather early Wednesday as the focus shifts back toward the economic data, anticipating the all-important US Consumer Price Index (CPI) report slated for release in American trading.