The Marked Chart Wire · Economy and the Fed
BOJ
BoJ holds rates as inflation hits 2 percent target
The Bank of Japan kept interest rates unchanged after confirming that underlying inflation reached its 2 percent goal for the first time since 2013.
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Inflation
Dallas Fed estimates September PCE inflation at 2.8 percent
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
Trump claims central bank resists lowering borrowing costs
The president stated that the Federal Reserve is reluctant to reduce interest rates.
Mortgage Rates
Thirty-year home loan costs decline to 7.24 percent
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
Hassett says Fed may act if October inflation is high
Larry Hassett stated that the Federal Reserve will likely respond if October inflation data comes in significantly higher than expected.
ECB
European Central Bank holds deposit rate at 2.5 percent
The European Central Bank kept its deposit facility rate unchanged at 2.5 percent in October, matching market expectations and the previous level.
HotGDP
Third quarter growth outpaces forecasts while price pressures persist
GDP expanded at a 3.4 percent annualized rate, beating the 3.2 percent estimate. Annual PCE inflation reached 3.6 percent in September, matching expectations but remaining above the Federal Reserve's 2 percent goal.
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