(Bloomberg) -- Underlying US inflation is seen rising at a monthly pace that corroborates the message from central bankers that interest rates will need to...
-- Underlying US inflation is seen rising at a monthly pace that corroborates the message from central bankers that interest rates will need to stay higher for longer.The consumer price index excluding food and fuel, a measure favored by economists as a better indicator of underlying price pressures, is seen increasing 0.3% for a second month.
European Central Bank President Christine Lagarde said in an interview published Sunday that the IMF “has revised down its growth projections worldwide, except for the United States.” Reserve Bank of Australia Assistant Governor Chris Kent is set to speak after the RBA held rates at its first meeting under new Governor Michele Bullock.
Elsewhere in Europe, inflation data will be closely watched across the Nordics at a time when investors are questioning how further tightening has to run in some of those economies. Numbers are due in Norway, Denmark and Sweden. Ghana’s inflation data on Wednesday are predicted to have slowed for a second straight month in September, providing room for the central bank to hold rates in November.In Mexico, the early consensus has both monthly and mid-month inflation results supporting Banxico’s hawkish stance. While the full September reading likely slowed for an eighth month, the print for the second half of the month merely inched lower.
In the last major economic release before its Oct. 22 presidential election, Argentina posts national consumer prices results for September. Disturbing video shows a 25-year-old woman begging Hamas fighters not to kill her as she's taken hostage and driven into Gaza on a motorbike
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