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The Marked Chart Wire · Economy and the Fed
Jobs
US payrolls rose by 165,000 in October, surpassing the 65,000 estimate. The unemployment rate dropped to 4.1%, while involuntary part-time work climbed to 4.84 million.
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HotJobs
The US economy added 165,000 nonfarm payrolls in October, exceeding the 65,000 expected. The unemployment rate fell to 4.1 percent, while average hourly earnings rose 3.1 percent year over year.
Fed
Federal Reserve official Muslem stated that inflation expectations are stable, though consumers remain concerned. He attributed current excess inflation to energy shocks and AI infrastructure spending.
The Fed
European Central Bank officials are reportedly discussing a potential review of lender exposure to artificial intelligence infrastructure. The central bank is evaluating risks tied to fluctuating valuations and investor confidence, but no official decision has been made yet.
Inflation
The Consumer Price Index shows inflation at 3.7 percent, remaining well above the Federal Reserve's 2 percent target.
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.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.