Seana Smith and Madison Mills break down the top stories of the trading day, providing investors with the key information they need to know on Catalysts.

New economic data helps the market assess what's next in the Federal Reserve's ongoing rate easing cycle. The October Personal Consumption Expenditures (PCE) index came in line with economists' forecasts. S&P Global Ratings global chief economist Paul Gruenwald says fresh data "underscores the message that the Fed knows policy is restrictive, but they're not going to be in a hurry to cut rates unless they see a more convincing decline."

Actum Strategic Advisors co-chair Mick Mulvaney, who was part of President-elect Donald Trump's first administration, serving as the Office of Management and Budget director, CFPB acting director, and the White House chief of staff, joins the Catalysts team to discuss the proposed Department of Government Efficiency (DOGE) and recent comments from co-head Elon Musk.

Autodesk (ADSK) and crypto-related stocks like MicroStrategy (MSTR) and Coinbase Global (COIN) are among Yahoo Finances's trending tickers.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Naomi Buchanan.