Powell Signals Fed Prepared to Slow Rate-Rise Pace in December

In a speech today at the Brookings Institution Federal Reserve Chair Jerome Powell indicated the central bank is on track to raise interest rates by a half percentage point at its next meeting, stepping down from an unprecedented series of four 0.75-point rate rises aimed at combating high inflation, as the WSJ reports.

Guangzhou eases restrictions despite worsening Covid outbreak

Guangzhou has partially lifted a weeks-long lockdown, a departure from the strict enforcement of China’s strict zero-Covid policy despite the city of 18 million people suffering its worst outbreak since the coronavirus pandemic erupted, as the FT reports.

EU Proposes Special Court on Russian Invasion of Ukraine

The European Union’s Ursula von der Leyen, the president of the European Commission on Wednesday proposed the establishment of a new United Nations-backed court to investigate and prosecute Russian aggression in Ukraine, as the NYT reports.

CSIS and DINSN Announce 2022 U.S. National Security & Foreign Affairs Leadership List

CSIS, in partnership with the Diversity in National Security Network (DINSN), is pleased to announce the 2022 U.S. National Security & Foreign Affairs Leadership List. See the list of honorees here.

Video Shorts

Check out CSIS’s new series of video shorts: “Data Unpacked,” “Testify,” “What's Happening,” “Preview,” and “High Resolution.” And don’t forget to subscribe to the CSIS YouTube Channel!

In That Number

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Two Chinese cities, Guangzhou and Chongqing, announced an easing of covid restrictions on Wednesday after demonstrators in southern Guangzhou clashed with police amid a string of protests against the world’s toughest covid restrictions.

Source: Reuters

Critical Quote

“Despite some promising developments, we have a long way to go in restoring price stability.”

—Federal Reserve Chair Jerome Powell

iDeas Lab

New satellite imagery analyzed by the CSIS China Power Project reveals that China is investing in a significant, long-term military presence at Pangong Tso, near the hotly disputed China-India border.

The Andreas C. Dracopoulos iDeas Lab at CSIS enhances our research with the latest in cutting-edge web technologies, design, and multimedia.

Optics

(Photo credit: Ludovic Marin/AFP/Getty Images.) U.S. Vice President Kamala Harris and French President Emmanuel Macron attend a meeting on French-US space cooperation, at NASA headquarters in Washington, DC, on November 30, 2022.

This Town Tomorrow

At 9:30 a.m., the CSIS Korea Chair hosts an episode of "The Capital Cable" to discuss developments on the Korean Peninsula, including recent announcements by Kim Jong-un about North Korea's nuclear weapons program.

Later, at 3:00 p.m., the CSIS Australia Chair launches its new report, "Growing Challenges, Rising Ambitions: AUSMIN 2022 and Expanding U.S.-Australian Cooperation."

And, at 9:00 a.m., the Atlantic Council hosts a discussion on the outlook for the Western Balkans' Euro-Atlantic Path in 2023.

Video

A new video from the CSIS Ukraine Economic Reconstruction Commission outlines the challenges and benefits of EU accession on Ukraine's post-war reconstruction efforts. Watch the full video here.

Podcasts

On a new episode of Smart Women, Smart Power, Lisa Kaplan, the founder of Alethea, a company designed to help organizations navigate the new digital reality and protect themselves against disinformation, joins to discuss the current landscape of the information space.

Listen on Spotify & Apple Podcasts.

Smiles

This isn’t really a smile because I’m so sad to learn that Fleetwood Mac’s Christine McVie died today following an illness at 79. But it’s a smile because in my view, McVie is one of the greatest singers in rock history. My parents introduced me to the Big Mac at a very young age and I’ve been hooked ever since. To me, Fleetwood Mac, along with the Beach Boys, the Byrds, Linda Ronstadt, and the Eagles define the LA sound. Just this past summer, I was stopped at a traffic light in Malibu, and two twenty-somethings pulled up next to me in a convertible. This is what was blasting out of their car stereo as they swayed back and forth in the SoCal sunshine.

I invite you to email me at [email protected] and follow me on Twitter @handrewschwartz

The Evening is my daily guide to key insights CSIS brings to the events of the day. It is composed with the External Relations team: Paige Montfort, Claire Dannenbaum, and Claire Smrt.