Knowledge Is Power

A measure of underlying US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control.

The 2024 presidential election has been decided with Donald Trump returning to the White House after a close and years-long race while a watchful global audience focused on how it all will effect the global economy.

The US economy expanded at a robust pace in the third quarter as household purchases accelerated ahead of the election and the federal government ramped up defense spending.

According to the National Association of Realtors, sales of previously owned properties last month fell 1% from a month earlier to a 3.8 million annualized rate.

According to the Commerce Department, retail sales rose 0.7% in September from the month prior excluding auto sales and gasoline.

Underlying US inflation rose more than forecast in September, representing a pause in the recent progress toward moderating price pressures.