Economy

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First published 16 October 2026

Dollar retreats from an 18-month high despite strong inflation and retail-sales data

The dollar pulled back from an 18-month high even as U.S. producer prices recorded their fastest increase in four and a half years and retail sales exceeded expectations. Cautious comments from Federal Reserve officials reduced market expectations for an October rate increase.

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First published 16 October 2026

Fed Chair Warsh emphasizes price stability but declines to signal future rate decisions

Federal Reserve Chair Kevin Warsh said he would not prejudge decisions at the central bank’s October and December meetings. The Fed raised its benchmark rate by a quarter point in September, while elevated inflation remains a factor in considering further increases.

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First published 16 October 2026

U.S. Consumers Push Through Higher Prices as Rising Energy Costs Spread Across the Economy

Economic data showed that higher oil and gas prices were spreading into shipping, warehousing and other parts of the economy, raising questions about how long consumers can continue absorbing rising costs.

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First published 16 October 2026

Average U.S. long-term mortgage rate holds at 7.4%, near a three-year high

The average long-term U.S. mortgage rate remained at 7.4%, its highest level in nearly three years. Persistent inflation, Federal Reserve policy and bond-market expectations for the economy are influencing mortgage rates.

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First published 16 October 2026

Dollar Retreats From 18-Month High as Fed Officials Temper October Rate-Hike Bets

The U.S. dollar pulled back from an 18-month high after hotter-than-expected inflation data, as investors reduced expectations for an October Federal Reserve rate hike and officials signaled they could wait for a clearer picture.

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First published 16 October 2026

U.S. Wholesale Prices Rise 6.3% in September, Marking Fastest Increase Since Late 2022

U.S. producer prices rose 6.3% in September from a year earlier, accelerating from 5.6% in August. The increase was the largest since December 2022, adding to evidence of intensifying inflation pressure.

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First published 14 October 2026

China’s exports surge, putting its trade surplus on track for a record

China’s exports grew last month at the fastest pace seen in almost any month since the end of the global financial crisis, putting its trade surplus on track for a record.

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First published 14 October 2026

IMF Says AI Investment Supports Global Growth, but War and Debt Threaten the Outlook

The IMF said strong investment in AI infrastructure is offsetting the economic impact of higher energy prices linked to the war in the Middle East, while warning that downside risks are increasing and more countries are vulnerable to rising debt.

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First published 14 October 2026

U.S. inflation accelerates to 3.7% in September, renewing pressure on the Federal Reserve

U.S. consumer inflation accelerated to 3.7% in September from 3.4% in August as gasoline and other goods and services became more expensive. The report increased pressure on the Federal Reserve and raised market expectations for a possible October rate increase.

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First published 14 October 2026

Big U.S. Banks Report Strong Third-Quarter Profits but Warn on Rates and Inflation

JPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs reported higher third-quarter profits as consumer spending and business investment remained strong. The banks warned that elevated interest rates and persistent inflation could eventually pressure consumers and the economy; JPMorgan reported $15.3 billion in quarterly profit but missed analysts’ expectations.

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First published 13 October 2026

U.S. Stocks Trade Mixed Near Recent Records as Investors Watch Oil, Yields and Inflation

U.S. stocks ended mixed near record highs as investors focused on rising oil prices and bond yields, while awaiting inflation, housing and retail-sales data and major-bank earnings.

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First published 13 October 2026

Cleveland Fed President Backs Moving Relatively Quickly Toward Restrictive Policy

Cleveland Fed President Beth Hammack said the central bank should move relatively quickly toward a restrictive policy stance to contain inflation, which she described as broad-based rather than limited to energy costs.

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First published 13 October 2026

Dollar Holds Near an 18-Month High as Energy Attacks Raise Inflation and Rate Concerns

The dollar remained near an 18-month high as renewed attacks on energy infrastructure increased demand for defensive assets, while higher energy costs and Treasury yields added to inflation and interest-rate concerns.

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First published 13 October 2026

IMF raises global growth forecast but warns of risks from the AI boom and debt

The IMF expects the global economy to grow 3.1% this year while warning that an artificial-intelligence investment boom and high debt pose risks to the outlook.

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