Prices rose by 0.4% in October from the previous month, the Labor Department said, higher than expected
Consumer prices climbed notably again in October from the previous month, extending a stretch of stubborn inflation.
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Consumer prices climbed notably again in October from the previous month, extending a stretch of stubborn inflation.
The central bank is likely to again raise its key interest rate in the near future, unless there is evidence of weakening inflation, the deputy governor said.
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Treasury yields moved higher Tuesday after comments from Federal Reserve governor Christopher Waller boosted market expectations for an interest-rate hike in December.
The Richmond Fed president also said it is wise to move policy with care as risks to the demand outlook remain easy to envision.
German exports rebounded in September, offering some relief to manufacturers after a volatile summer, but faster growth in imports weighed on the country’s trade surplus.
Japan spent a record $50 billion in one day during July to prop up the yen, underscoring an aggressive intervention campaign that included rare joint action with the U.S.
The country’s factory-gate prices have climbed for an eighth straight month, driven by elevated oil prices and robust Chinese tech exports.
Pope Leo’s message of compassion for the poor clashes with Javier Milei’s radical economic overhaul, symbolized by his trademark chain saw.
A Democratic majority in the Senate would be the broadest check yet on the president’s efforts to control the U.S. central bank.
Strong hiring at law offices and consulting firms is staving off fears of a job apocalypse.
Prime Minister Christopher Luxon and allies face weeks of uncertainty as late ballots are tallied.
Affordability was crucial, but Americans also appeared dismayed about what has happened to their country under President Trump.
U.S. inflation data for October will be closely watched as investors continue to digest the implications of the recent Democratic sweep in the U.S. midterm elections for the conflict in the Middle East, oil prices, and technology and AI-linked stocks.
European governments are set to choose between two candidates to succeed Christine Lagarde: Spain’s Pablo Hernandez de Cos and the Netherlands’ Klaas Knot.
The University of Michigan survey’s preliminary November index reading was 51, up from 48 in the final October reading.
Recent economic data point toward another rate increase in December. A more sustained AI selloff could argue against one.
Canada’s labor market softened again last month, with a dip in employment and rise in the number of people hunting for work pushing the jobless rate to a six-month high.
Last month’s employment growth was driven by an increase of 70,000 professional and business-services jobs.
Retail sales fell in as high energy prices continued to weigh on consumer confidence.
Industrial production in Germany rose unexpectedly in September despite high energy prices due to the war in Iran continuing to pile pressure on companies.
Thailand’s consumer inflation accelerated more than expected in October, exceeding the central bank’s target range as higher fuel prices driven by the Middle East conflict pushed up living costs.
D.R. Horton, PulteGroup and Lennar have all outperformed since Tuesday’s midterm elections.
U.S. initial jobless claims fell to 189,000 in the week through Oct. 31, the Labor Department said. The figure was lower than the 197,000 new claims expected by economists surveyed.
The conflict has lifted energy prices, though they have fallen since the midterms raised hopes for an end to the war.
Norway’s central bank held its key interest rate, but kept open the possibility of further policy tightening should inflation remain high.
The rise added to signs of resilience, as higher energy costs continue to threaten the country’s tentative economic recovery.
The central bank expects Malaysia’s economy to grow more than 5% in 2026 and remain resilient in 2027.
Americans’ vote for antidata-center candidates and ballot measures could rein in AI’s expansion and hobble economic growth.
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