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Japan’s PPI rose by 2.8% yoy in September, a notable increase from the previous month’s 2.6% yoy and well above the market’s expectation of 2.3% yoy. A significant development was the shift in import prices. Read more…
San Francisco Fed President Mary Daly expressed a cautious stance on monetary policy in a discussion last night, indicating that “two more cuts this year, or one more cut this year, really spans the range” Read more…
Fed’s decision to cut interest rates by 50 basis points last month was backed by a “substantial majority,” but the minutes of the meeting revealed a more intense debate among policymakers. Only Governor Michelle Bowman Read more…