Fed officials welcome inflation news but still see tighter policy ahead
Federal Reserve officials welcomed Thursday's inflation news but cautioned against getting too excited by the data.
UK on the brink of recession after economy contracts by 0.2% in the third quarter
The third-quarter contraction was less than the -0.5% expected by analysts.
Even with slower inflation, consumer sentiment weakened sharply in November, survey shows
The University of Michigan Survey of Consumers posted a 54.7 reading for November, down 8.7% from the previous month's reading.
Inflation expectations rebounded in October on record-high jump in gas outlook, NY Fed survey shows
Americans grew more worried about inflation in the October, with fears emanating primarily from an expected burst in gasoline prices.
Fed Vice Chair Brainard says it may ‘soon’ be appropriate to move to slower pace of rate hikes
"I think it will probably be appropriate soon to move to a slower pace of rate increases," she told Bloomberg News in a live interview.
Wholesale prices rose 0.2% in October, less than expected, as inflation eases
The producer price index was expected to show a monthly increase of 0.4% in October, according to Dow Jones estimates.
Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says
Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances.
The world needs more economic alliances than security ones, analyst says
Having "a lot of security, military, defense alliances" could make the world more dangerous, the president of the Center for China and Globalization said.
Fed’s Waller says he’s open to a half-point rate hike at December meeting
The Fed governor said he's open to reducing the level of interest rate increases to half a percentage point in December.