Chicago Fed President Austan Goolsbee called the latest inflation data “borderline disturbing” and “distressing,” highlighting persistent price pressures.⁠ @CNBC In a PBS NewsHour interview (around November 11, 2026), Goolsbee reacted to the October CPI report, which showed a 0.4% monthly increase (seasonally adjusted) hotter than the ~0.3% economists expected and the third straight month of elevated readings. Core CPI was also firmer than forecast. Main concerns he raised Services inflation is not cooling (the most troubling part for him). Drivers such as tariffs have not faded as quickly as hoped. Evidence of both cost-side and demand-side pressures, with risks of broader overheating across many prices. Worry that inflation could become embedded in expectations. The labor market remains “steady and stable,” removing one typical argument against tighter policy. He stated the U.S. has “a real inflation issue on our hands” that the Fed will have to address, and that “everything is always on the table” to get inflation back to the 2% target.⁠

MSCI is removing Strategy ($MSTR ) from its major indexes after classifying it as a non-operating issuer.⁠ @Reuters On November 11, 2026, as part of its November Index Review, MSCI confirmed Strategy (the Bitcoin-focused company formerly known as MicroStrategy) will be deleted from the MSCI USA Index (and therefore from broader indexes such as MSCI World and ACWI). The change takes effect at the close of November 30, 2026. The same review also removes other names including Japan’s Metaplanet (another Bitcoin treasury firm) and UK-listed Yellow Cake (a uranium holder).

X Business officially comments on the @solana and @fomo posts re: cashtags @XBusiness "The timeline is ready to trade" and "No more fomo. Just fomo."

StableCoin market contracts $14.2b largest since 2022. Where the burns happened Large issuer redemptions/burns have been concentrated on Ethereum: Tether redeemed/burned ~$4B USDT on Ethereum in the week to ~Nov 3 (via Redeem events; no new USDT issuance on Ethereum since April 2026). Additional large USDT burns on Ethereum were reported around this period (including ~$2.5B). USDC also saw net issuer burns on Ethereum (and smaller ones on Base, Arbitrum, Arc, etc.), though Circle’s CCTP cross-chain transfers create many apparent mint/burn events that do not change total supply.⁠ Tron (the main home of USDT by volume and supply) saw far less net contraction in this window. Burns occur on the chain of the relevant contract when tokens are redeemed; for the dominant issuers, the big net reductions in this episode were Ethereum-centric.

Bloomberg reported that Goldman Sachs, Citigroup, Banco Santander, Deutsche Bank, and other firms have committed around $270 million to a joint stablecoin venture. The money is intended to cover roughly five years of operating costs for a new U.S.-incorporated company that will issue a dollar-denominated stablecoin. The project is internally codenamed “Project Faro.”