Dow Opens Lower as October CPI Rises 0.4% Monthly, Topping Forecasts
October CPI rose 0.4% month over month and core prices 0.3%, both above forecasts, BLS data showed. Markets opened lower as Fed December expectations shifted.
Federal Reserve
US GDP Grows 3.4% in Q3 2026, Beating 3.2% Forecast on Consumer Spending
US GDP grew 3.4% annualized in Q3 2026, beating the 3.2% forecast, on strong consumer spending and AI investment, the Commerce Department said October 29.
US Jobless Claims Fall to 194,000, Near Lowest Since 1960s
US jobless claims fell to 194,000 for the week ended Oct. 17, 2026, near 57-year lows, signaling labor market stability amid a low-hire, low-fire environment.
Williams Sees One More 2026 Fed Hike, No 2027 Increase, Diverging From Market Bets
New York Fed President John Williams said one more 2026 rate hike may be appropriate but sees no reason for more in 2027, diverging from market pricing.
Trump Forms White House Committee to Investigate Fed Governor Lisa Cook
Trump formed a White House committee to investigate Fed Governor Lisa Cook over mortgage allegations, with a closed hearing set for Nov. 5, 2026.
Fed minutes show broad support for another rate hike by year-end
Fed minutes from September 2026 show officials expect another rate hike, but timing remains uncertain after weak September jobs data.
US 10-Year Treasury Yield Hits 24-Year High as Global Bond Sell-Off Deepens
US 10-year Treasury yield hit a 24-year high of 5.34% on Oct 1, 2026 amid a global bond sell-off, with UK 30-year gilts briefly above 6%.
US Personal Income Rose $66.6 Billion in August, BEA Says
US personal income rose $66.6 billion (0.2%) in August 2026 and PCE rose 0.9%, the BEA said September 30. The PCE price index was up 3.4% from a year earlier.