October price data shows grocery, gasoline and electricity bills climbing in the U.S. while India's retail inflation threatens to breach the RBI's 6% tolerance ceiling
A quarter-point hike would be the first in more than three years, with markets watching for signals on mortgages, inflation and further increases.
Inflation has topped the Fed's 2% target for 62 straight months. Resilient growth, rising energy costs and political pressure complicate the next move.
New Fed chief Kevin Warsh faces bond market revolt and internal Fed divisions over how to tame persistent inflation without sparking a recession.
Chipmaker rout erases $300 billion in software and data stocks; bonds gain as investors seek safety amid mounting doubts over AI spending returns.
Rising crude prices and Middle East tensions fuel inflation fears, sending bond yields soaring and equities plunging worldwide.
Annual inflation fell to 3.5% in June, the largest monthly drop since 2020, driven by falling gasoline prices. However, renewed conflict with Iran threatens energy costs, and data distortions raise skepticism.