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The Marked Chart Wire · Economy and the Fed
PMI
The S&P Global Chicago PMI dropped to 55.3 in October, missing the 56.0 forecast and down from the previous 58.8.
Part of a series: US activity data shows mixed signals in recent months
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Fed
Federal Reserve Governor Christopher Barkin stated that the central bank has signaled a gradual approach to policy. He noted that while the direction is straightforward, the pace of future moves depends on upcoming data.
BOJ
The Bank of Japan kept interest rates unchanged after confirming that underlying inflation reached its 2 percent goal for the first time since 2013.
Inflation
The Dallas Federal Reserve's trimmed mean PCE price index rose 2.8 percent annualized in September, up from 2.0 percent in August.
Fed
The president stated that the Federal Reserve is reluctant to reduce interest rates.
Mortgage Rates
Freddie Mac data shows the average cost for a thirty-year home loan dropped to 7.24 percent. This marks the second straight weekly decrease, aided by lower Treasury yields, though costs remain high compared to last year.
Fed
Larry Hassett stated that the Federal Reserve will likely respond if October inflation data comes in significantly higher than expected.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.