3 Things You Need to Know This Week | Fed Meeting Minutes, Global PMIs, Tariffs (Nov. 17, 2025)

Fisher Investments’ “3 Things You Need to Know This Week” is a weekly segment designed to help investors worldwide sift through the noise across financial media and understand what really matters for markets. This week, we're covering: • The upcoming October Fed meeting minutes release • Purchasing Managers’ Index (PMI) data from several major economies • Financial media reaction to the Supreme Court’s tariff case Chapters: 0:00 Introduction 0:27 Fed Meeting Minutes 1:31 Global PMI Data 2:44 US Supreme Court & Tariffs 3:56 Outro Want to dig deeper? • Exploring whether Fed rate cuts matter to the economy: https://www.youtube.com/watch?v=xD_pZzsuUEw • Recent PMI data indicates developed world growth is stronger than appreciated: https://www.fisherinvestments.com/en-us/insights/market-commentary/octobers-flash-pmis-had-more-treats-than-tricks • A closer look at how the Supreme Court’s ruling on tariffs could affect markets: https://www.fisherinvestments.com/en-us/insights/market-commentary/tariffs-on-trial Have feedback? Share your thoughts on this episode in just 1 minute by filling out this survey: https://fi.co1.qualtrics.com/jfe/form/SV_6Vw1ezlogR044S2?VideoCode=3Things17Nov2025 Thanks for watching and don’t forget to tune in next week. Connect with Fisher Investments on: • Facebook - https://www.facebook.com/FisherInvestments • X - https://twitter.com/fisherinvest • LinkedIn - https://www.linkedin.com/company/fisher-investments • Instagram - https://www.instagram.com/fisher.investments/ • TikTok - https://www.tiktok.com/@fisher_investments You can also follow Ken Fisher here: • Facebook - https://www.facebook.com/KenFisher.FisherInvestments • X - https://twitter.com/KennethLFisher • LinkedIn - https://www.linkedin.com/in/ken-fisher/ • Instagram - https://www.instagram.com/kenfisher_fisherinvestments/ Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.