U.S. inflation data for October is clearly the economic highlight for markets, economists and policymakers this coming week. That’s because if price pressures continue their cooling trend from the summer, the Fed might be able to refrain from any more interest-rate hikes.
Core CPI, excluding volatile food and energy prices, is expected to rise 0.3%, matching a 0.3% gain in the prior month. The year-over-year rate is seen holding steady at a 4.1% annual rate. Goolsbee has looked prescient so far. In his first public speeches this summer, he suggested that there could be an improvement in inflation without a big rise in unemployment.
“The goal is to find out how to reach him, who are you supposed to talk to , and then have a good conversation with him where Biden can say a few things that we think he really needs to hear from us,” Scissors said.Xi simply doesn’t care that much about the economy, Scissors said. He is more focused on “really strict party control of everything,” he added.
Late Friday, Moody’s Investors Service lowered its outlook on the U.S. credit rating to “negative” from “stable.”