Fed, Inflation and interest rates
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Fed Chair Jerome Powell said inflation is not far from the central bank’s 2% goal if higher U.S. tariffs are removed from the equation. “You see goods prices increasing. That’s moving inflation up,” Powell said.
The rate cut could gradually reduce costs for mortgages, credit cards, auto loans, and business borrowing, offering some relief to consumers and companies.
October is almost over and the US Bureau of Labor Staff — rather than collecting and checking price data — continue to be furloughed. While it’s possible that the BLS will be able to survey firms not only on their prices in November,
Powell said that estimates indicate the Fed’s preferred inflation gauge, the personal consumption expenditures price index, rose 2.8% over the 12 months ending in September. Core PCE prices rose 2.8% as well.
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Turkey's monthly inflation rate is expected to be 2.83% in October, driven by hikes in clothing and food prices, while the year-end annual inflation forecast rose to 32%, a Reuters poll showed on Thursday.
6don MSN
CPI report shows inflation continued to climb in September, although at a cooler pace than forecast
Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
The inflation rate in Germany decreased to 2.3% in October from 2.4% in September of 2025. The Consumer Price Index in Germany increased 0.3% in October of 2025 over the previous month. ETFs: (NYSEARCA:EWG),
European Central Bank policymakers are preparing for something of a showdown at their next meeting in December, when new three-year projections will shed light on whether or not they risk undershooting their target,