MARKET WRAPS Watch For: EU Money supply in the euro area, ECB Executive Board Member Philip Lane delivers lecture at Harvard University seminar; U.K. Bank of England MPC member Jonathan.
EMEA Morning Briefing: Stocks Seen Lower as Investors Await Fresh Cues morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
A stronger-than-expected reading on headline inflation supports the Fed's higher for longer stance on interest rates, experts say. Headline inflation rose by more than economists were expecting last month, the September Consumer Price Index (CPI) showed Thursday, supporting the view that higher for longer interest rates will be necessary to bring inflation down to the Federal Reserve's long-term target. Consumer prices rose 0.4% in September – down from a 0.6% increase in August – the Bureau of