Euro zone inflation hits 4% for first time in three years as interest rate hike looms
It was driven by energy inflation, which surged above 20% in October.
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It was driven by energy inflation, which surged above 20% in October.
The comments from Federal Reserve Presidents Alberto Musalem and Lorie Logan offer the first morsels of insight into what leaders at the Fed see happening next.
The new chairman made clear he leans toward higher interest rates, but left himself options depending on how the data comes in.
Markets saw the decision as a hawkish pause and were last pricing in a 67% chance of a December rate hike.
Even though the interest-rate vote went as expected, there were a few surprises out of this week's Federal Open Market Committee meeting.
Treasury Secretary Scott Bessent joined CNBC for an interview on Oct. 28, 2026.
The DoubleLine founder spoke with CNBC's "Closing Bell" on Wednesday after the Fed held interest rates steady.
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.
The CNBC Fed Survey shows that 93% of respondent expect a pause at the Federal Reserve meeting taking place this week.
Housing data deteriorated further in September, according to separate reports Tuesday.
U.K. inflation rose by a hotter-than-expected 3.5% in the 12 months to September, driven by the surging cost of motor fuels.