ECB’s Growth Gambit: Rate Cuts Accelerate Amid Economic Storm

Goolsbee called October’s CPI ‘borderline disturbing,’ while Philadelphia Fed voter Paulson said gradual tightening still seems appropriate for now.

Credit card balances rose 4.2% to a record $1.29 trillion in the third quarter as household debt hit $19.1 trillion, while card delinquencies steadied.

Bowman said ‘there is still work to do’ on inflation after a 0.4% CPI print but held off backing a December hike, as Logan and Waller urged tightening.

Fed Governor Waller said the Fed must deliver the hikes markets expect, leaning toward a December increase and backing 50 basis points if inflation runs hot.

Consumer prices rose 0.4% in October and core CPI 0.3%, both topping forecasts, as traders fully priced a quarter-point Fed hike for December.

Gold eased to about $4,110 after a near 2% gain on Monday as traders priced in a likely December Fed hike, offsetting the inflation relief from cheaper oil.

October payrolls beat forecasts as consulting jobs hit a record, temp hiring jumped and campaign spending added work, suggesting AI is creating jobs for now.

Oil fell in early Asian trading as Trump said new Iran strikes were “highly unlikely” if talks progress, though Iran said there had been no progress.

Gold rose as much as 1.6% to top $4,130 an ounce as lower oil eased inflation fears, with Tuesday’s US CPI report seen as the next test for...

China extended its pause on 24% tariffs on US goods to January, keeping a 10% rate, as the US pressed Beijing to honor farm purchase pledges.