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The Marked Chart Wire · Economy and the Fed
Fed
Chicago Fed President Austan Goolsbee said consumer spending is strong on its own and not propped up by the stock market. He noted that the bottom 90% of earners account for roughly 75% of US spending.
Fed
A public disagreement between President Trump and Federal Reserve Chair Kevin Warsh is escalating, potentially creating uncertainty for financial markets.
Fed
The Federal Reserve released its latest October inflation forecast, which has drawn concern from investors despite recent record highs in major stock indexes.
Fed
Market participants are pricing in a lower probability of a Federal Reserve interest-rate increase before the end of the year.
Fed
New price data creates headwinds for Kevin Warsh and investors. The central bank increased borrowing costs in September, marking the initial hike in a three-year span.
Consumer Sentiment
The University of Michigan consumer sentiment index rose to 48.0 in October, beating the 46.3 forecast and the 46.3 reading from the prior month. One-year and five-year inflation expectations held steady at 4.7 percent and 3.5 percent.
PMI
The S&P Global flash services purchasing managers index fell to 57.9 in October, below the 58 forecast and down from 58.8 in September.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.