INFLATION

Median inflation expectations for the next 12 months jumped to 3.9%, up from 3.6% in August, according to the Federal Reserve Bank of New York's September Survey of Consumer Expectations.

Credit card purchases at luxury brands fell 6% from a year earlier in September.

"This is probably further out before we get relief," Mary Daly said when discussing AI-related demand constraints.

Nearly one in five Latinos who voted for Trump in 2024 are also no longer supporting a Republican control of Congress.

As Tehran grapples with an ever-worsening economic crisis, Iran's presidential office confirmed on Sunday that Mohsen Paknejad will be replaced by Hamid Bovard, the CEO of the National Iranian Oil Company.

The figure clocked in at 3.8% in September, up 0.6 percentage points from August and above expectations.

Most Americans do not think President Trump is doing a good job of managing the economy.

The increase was the largest one-week jump in nearly four years.

"I didn't think the inflation data today really changed that story for me very much," Neel Kashkari said about the latest personal consumption expenditures price index.

They are persistent demand from central banks and China, concerns over government debt and fiscal sustainability, and the possibility that easing inflation pressures eventually push bond yields lower.

The chances that interest rates remain at current levels now stand at 62.9%, compared to 49.1% on Tuesday.

The annual figure stood at 3%, below the 3.3% expected by analysts.

The August Personal Consumption Expenditures price index will be closely watched after the Fed raised interest rates and signaled that additional tightening could be necessary before the end of the year.

The U.S. blockade targeting Iranian oil exports has restricted Tehran's access to foreign currency while compounding years of inflation, sanctions and economic instability.

The Conference Board Consumer Confidence Index "deteriorated notably" in September, according to the body's chief economist.

Gold fell more than 3% Monday while silver dropped close to 5%, extending a retreat that has hit precious-metals miners as well.

The University of Michigan index showed a 15% decline compared to January.

Every time the 10-year yield rose similarly quickly, it coincided with or preceded some form of severe financial disruption.

The CME Group's FedWatch tool shows chances stand above 68% for the October meeting.

"With the labor market on a better footing, monetary policy can focus on a timely return to price stability, especially after five and a half years of too high inflation," Boston Fed President Susan Collins said.

A strong macroeconomic backdrop could support emerging-market debt, according to Adrian Zuercher, co-head of global asset allocation and co-head of global investment management for Asia-Pacific at UBS's Chief Investment Office.