EconomyMarkets US employers added 165,000 jobs in October, far more than expected US payrolls rose by 165,000 in October against forecasts near 65,000, unemployment held at 4.1 percent and markets now lean toward a December hike.
Economy The Bank of England raises its key rate to four percent and warns more may follow The Bank of England raised its key rate by a quarter point to four percent, its first hike since 2023, as energy costs push UK inflation higher.
Economy US job openings rise to 7.5 million in September as more workers quit The US Labor Department's JOLTS survey showed 7.5 million job openings in September, above forecasts, with quits up and layoffs little changed.
EconomyMarkets US factory activity speeds up in October as output hits a five year high The ISM manufacturing index rose to 55.5 in October, above forecasts, with production at its highest since 2021 while price pressure eased a little.
Economy US inflation picks up again in September with core prices up three point one percent The PCE price index rose 0.5 percent in September and 3.6 percent on the year, with core at 3.1 percent, well above the Fed's 2 percent target.
EconomyPolicy & Regulation The ECB holds its deposit rate at two and a half percent as energy prices keep rising The ECB kept all three key rates unchanged on 29 October, deposit rate 2.50 percent, and flagged rising energy prices as an upside risk to inflation.
EconomyMarkets Fed holds rates at 3.75 to 4 percent, two officials vote for another hike The FOMC kept the federal funds target range at 3.75 to 4 percent on 28 October in a 10-2 vote; both dissenters wanted another quarter-point hike.
