Inflation Still Plagues Restaurants, Services, and Housing, Even as National Rate Declines

The personal consumption expenditures index, which tracks spending on many everyday household needs, shows stubbornly high prices, even as the Fed’s overall rate edges back to its 2 percent target.

Business - Inc. - 6 hours ago

N.Y.C. Housing Voucher Program Is ‘Plagued With Problems,’ Audit Says

Thomas DiNapoli, the New York State comptroller, found that management lapses had caused delays for people who needed permanent housing.

Top stories - The New York Times - October 31

Pound falls as UK inflation declines more than expected to 1.7%

First reading below Bank of England’s target in 3 years opens door to more rate cuts this year

Business - Financial Times - October 16

ECB lowers rates to 3.25% as inflation slows

Christine Lagarde says Eurozone’s central bankers are close to ‘breaking the neck’ of soaring price pressures

Business - Financial Times - October 17

Biodiversity declining even faster in ‘protected’ areas, scientists warn Cop16

Just designating key areas will not meet 30x30 target on nature loss, study says, pointing to oil drilling in parks. Biodiversity is declining more quickly within key protected areas than outside ...

World - The Guardian - October 24

Yen resumes decline on doubts over Japan interest rate rises

Currency sinks below ¥150 against US dollar for first time since August surge

World - Financial Times - October 19

Eurozone economic activity still in decline, PMI survey shows

Bloc ‘stuck in a rut’ as growing services sector cannot offset continued weakness in manufacturing

Business - Financial Times - October 24

Switzerland’s wealth managers bank on a future in Asia

Hong Kong and Singapore are the world’s rising wealth centres

World - Financial Times - October 16

Surprise fall in inflation to 1.7% paves way for interest rate cuts

September's figure comes two weeks ahead of the Budget and will be used to decide how much benefits will rise in April.

Benefits, interest rates and pensions - how September's inflation figure affects you

The cost of living is always important but this month's has a particular extra impact for millions of people.

ECB Cuts Interest Rates Again as Eurozone Inflation Slows

Policymakers who set interest rates for the 20 countries that use the euro have lowered rates in back-to-back meetings for the first time since 2011.

Business - The New York Times - October 17

Rising food inflation clouds the good news on headline rates

Let them eat CPI

World - Financial Times - October 18

Russia's central bank raises key rate to 21% to rein in higher-than-forecast inflation

Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing higher-than-forecast consumer price increases.

Business - CNBC - October 25

Morgan Stanley CEO says the era of zero interest rates and inflation 'is over'

Several of Wall Street's chief executives don't see more than one more interest rate cut by the Fed this year, citing expectations of continued inflation.

Business - CNBC - October 29

Morgan Stanley CEO says the era of zero interest rates and inflation 'is over'

RIYADH — The days of easy money and zero interest rates are firmly in the past, Morgan Stanley CEO Ted Pick said Tuesday, speaking at a panel of finance CEOs in Riyadh.

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

The personal consumption expenditures price index was expected to increase 0.2% in September and 2.1% from a year ago.

Business - CNBC - October 31

A key inflation measure drops to 2.1%. Here's the interest rate impact.

The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday.

Bank of England Cuts Interest Rates, but Signals Stickier Inflation

The central bank said that future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.

Top stories - The New York Times - 7 hours ago

Inflation and interest rates tracker: see how your country compares

Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you

World - Financial Times - 3 hours ago

Here's why inflation may look like it's easing but is still a huge problem

By nearly every barometer, inflation is still well above where most Americans, and in fact some Fed officials, feel comfortable.

Business - CNBC - October 19

Inflation is down — but the middle class is still feeling financial pressure. Here's why

Economists say there's a strong role for policy in affecting the prices of essential goods for American families.

Business - CNBC - October 29

Inflation is cooling, yet many Americans are still living paycheck to paycheck

The rate of inflation has come down from pandemic era highs. But many Americans are still waiting to feel financial relief.

Business - CNBC - October 30

Inflation Is Basically Back to Normal. Why Do Voters Still Feel Blah?

Consumers still give the economy poor marks, though the job market is strong and price increases have faded for months.

Business - The New York Times - October 31

US inflation is down. Could it still be Kamala Harris’s downfall?

American voters’ discontent with high living costs may decide who wins the White House next week

World - Financial Times - October 31

Bipartisan House members call for tighter sanctions on oil field servicers in Russia

A bipartisan coalition of more than 50 congressional representatives called on the Biden administration to tighten sanctions on Russian oil and specifically address a major U.S. oil field ...

Politics - The Hill - October 21

U.S. House leaning Republican, CBS News rates

President-elect Donald Trump will return to the White House on Jan. 20, 2025, and he may be leading a government entirely controlled by his party. Republicans flipped the Senate through a handful ...

GOP trifecta on the line with House control in limbo

The majority in the chamber is expected to be slim no matter who wins, meaning a call on House control could take days or weeks.

Politics - Politico - Yesterday

Biden to nation: 'You can't love your country only when you win'

President Joe Biden stepped into the White House Rose Garden on Thursday to speak to the nation for the first time since his party's bruising defeat at the polls.

Treasury confirms plans for inflation-busting rise in UK social housing rents

Rachel Reeves also announces £500mn cash boost to promote building of affordable homes

Business - Financial Times - October 25

Why the stock market can count on another Fed rate cut in December

The trend in short-term rates leading up to the U.S. presidential election usually persists.

Business - MarketWatch - 3 hours ago

Why you should open a CD even as the Fed continues to cut rates

An additional Federal Reserve rate cut is expected to be issued this week. Here's why you should open a CD anyway.

Evening Report — Could Trump win the national popular vote?

🗞️ Plus: Uproar over The Post declining to endorse in presidential race {beacon} Evening Report © AP Photo/Alex Brandon Could Trump win the national vote? New polls underscore worries for ...

Politics - The Hill - October 25

Bank of Japan holds rates but signals normalisation still on track

Political uncertainty following election upset raises risks of abrupt policy shifts, warn analysts

World - Financial Times - October 31

How Democrats can win control of the House even if Trump is elected president

Democrats could win control of the House in the 2024 elections even if Donald Trump wins the presidency, providing a curb on his legislative agenda.

Politics - NBC News - October 25

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