Americans’ expectations for inflation were unchanged last month, but their outlook for unemployment was the worst since 2020, according to a Federal Reserve Bank of New York survey released Monday.
French Prime Minister Sébastien Lecornu said the government will raise the minimum wage as it seeks to respond to protests over the cost of living without further straining fragile public finances.
Euro-zone governments are looking to agree on the European Central Bank presidency with two other jobs after a stocktaking of candidates for the top role.
Mexico’s annual inflation accelerated more than expected in October, likely to intensify scrutiny of the central bank’s decision last week to cut interest rates in the face of persistent price pressures.
Brazil economists lifted their 2026 year-end interest rate forecasts for the second straight week as President Luiz Inácio Lula da Silva’s reelection spurs bets that high public spending will pressure inflation.
Europe is set to benefit from recent market turmoil in the US as investors seek a safe haven, according to European Investment Bank President Nadia Calvino.
Euro-zone finance ministers convened for a first assessment of the European Central Bank presidency race after both candidates spoke out on current economic risks.
China will suspend retaliatory measures such as an additional 24% tariff on US goods for another two months, formalizing a decision by the two countries’ leaders to prolong their trade truce until next January.
The Philippine economy unexpectedly slowed for a fifth straight quarter, raising questions about the central bank’s rate-hike cycle and heaping pressure on President Ferdinand Marcos Jr.
China’s producer inflation accelerated to the fastest since June 2022 as more expensive energy raised factories’ costs but failed to prevent a slowdown in consumer-price growth.
President Luiz Inácio Lula da Silva pledged to preserve Brazil’s public finances without abandoning social programs in his first televised address since winning a fourth term, as he sought to reassure investors.
Japan said it intervened in the currency market three times over the summer to prop up the yen, confirming previously reported actions that included Tokyo’s first coordinated operation with the US to support the currency in nearly three decades.
Britain’s brief employment recovery came to an end ahead of Chancellor of the Exchequer John Healey’s budget, according to a survey that’s closely watched by Bank of England officials.
A senior official at Australia’s central bank said surging investment in areas related to artificial intelligence will further fuel demand in the economy, at a time when policymakers are already aggressively raising interest rates to combat inflation.
Australian home sales and auction clearance rates climbed, offering hopes of a recovery for a property market that has slumped as interest rates rose this year.
Inflation is likely to remain high in the near future, European Central Bank President Christine Lagarde told the Japanese newspaper Yomiuri Shimbun, adding that second-round effects so far are no worse than anticipated.
