Broad Price Pressures Firm Up Case for Fed Rate Increase in December
Consumer prices climbed notably again in October from the previous month, extending a stretch of stubborn inflation.
----
Stocks Fall as Inflation Comes in Hotter Than Expected
Stocks traded lower after data showed that inflation in October cooled from the month before, but still overshot expectations.
----
U.S. 10-Year Treasury Tops 5% on Expectations of Higher Interest Rates
Treasury yields rose with the 10-year benchmark moving above 5%, as hotter-than-expected inflation added to hawkish comments by a Federal Reserve official to fuel bets on a steep interest-rate increase next month.
----
Fed's Waller Backs Big Rate Increase if Inflation Remains Stubborn
Waller sees the need for bigger Fed rate hikes as inflation pressures linger.
----
Bank of Canada Raised Rates to Mitigate Inflation Risk, Minutes Say
Senior policymakers agreed it was prudent to raise rates to dampen upside inflation risks despite elevated uncertainty and the presence of economic slack, according to meeting minutes.
----
U.S. Small Business Confidence Held Steady in October
The National Federation of Independent Business said that its small-business optimism index moved down 0.1 points in October, to 97.8, continuing to hover just below its 53-year average.
----
Bank of England's Lombardelli Signals Another Rate Rise Likely in Near Term
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.
----
Oil Prices Extend Decline After Trump Signals Restraint on Iran
Brent crude briefly fell below $90. Trump said further U.S. military strikes on Iran didn't seem necessary for now, raising hopes of an easing in the Middle East conflict.
----
China's Trade Surplus Surged Past $1 Trillion in October
Chinese exports continue to soar despite economic gloom and global trade tensions.
----
Democrats Are Wasting No Time Investigating Corporate America's Biggest Names
After Tuesday's blue wave, congressional leaders are setting deadlines, and companies are lawyering up.
----
California Voters Reject Unprecedented Tax on Billionaires
The states' wealthy elite spent heavily and successfully defeated an effort to tax their wealth to raise healthcare funding.
----
Singapore Central Bank Rolls Out Gold-Vaulting Services
The Monetary Authority of Singapore is rolling out gold-vaulting services as part of efforts to make the city-state Asia's top gold-trading hub.
