The Marked Chart Wire · Economy and the Fed
Fed
Trump committee hearing on Lisa Cook rescheduled to December 14
A Trump committee hearing regarding Federal Reserve Governor Lisa Cook has been rescheduled to December 14.
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More Economy and the Fed news
Bank of Japan
Bank of Japan minutes show support for further rate hikes
Minutes from the Bank of Japan's September meeting indicate members broadly support raising interest rates and reducing monetary easing. Officials differed on the pace of tightening, citing inflation risks and uncertainty about the neutral rate.
ISM Services
US services activity slows as new orders fall
The ISM services index came in at 54.5, below the 54.8 forecast and down from 54.9. New orders dropped to 55.9, while employment rose to 51.4.
PMI
US services PMI falls below expectations
The final S&P Global US services PMI came in at 56.1, missing the forecast of 57.9 and matching the previous month's reading.
Trade Balance
US trade deficit narrows to $105 billion in October
The United States recorded a trade deficit of $105 billion, slightly better than the forecast of $107.9 billion and the previous month's $105.6 billion.
Jobs
US private payrolls rise 86,000 in October
ADP reported that US private employment increased by 86,000 jobs in October, exceeding the 67,000 expected by analysts.
Eurozone Inflation
Euro zone inflation reaches 4 percent on energy surge
Inflation in the euro zone hit 4 percent in October, the first time in three years. Energy prices rose above 20 percent, driving the increase as a rate hike approaches.
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