Closed
The Marked Chart Wire · Economy and the Fed
Inflation
The Consumer Price Index shows inflation at 3.7 percent, remaining well above the Federal Reserve's 2 percent target.
Part of a series: US inflation data shows persistent price gains
New to this? Read: How the stock market works
Inflation
The Federal Reserve's initial forecast for November suggests that inflationary trends are continuing to spread across the wider economy.
Fed
Federal Reserve Governor Eric Barkin stated that current monetary policy is approximately neutral. He identified inflation as the primary risk for the Fed and noted that a gradual approach to policy changes makes sense.
Bank of England
The central bank increased borrowing costs by 25 basis points, citing stubborn price growth and geopolitical tensions. Officials remain split on future moves, with traders assigning roughly 50 percent odds to another hike in December.
Crypto
Federal Reserve official Hammack argued that high price swings in digital assets reduce their reliability for holding wealth compared to the US dollar.
Dollar
Federal Reserve Governor Hammack stated that the US dollar's status as a reserve currency depends on maintaining central bank independence and ensuring deep, liquid markets for investors.
Fed
Federal Reserve Governor Hammack stated that policy must become more restrictive to curb inflation. He noted that price pressures are widespread and favors making smaller, more frequent rate changes.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.