‼️ BREAKING: China’s producer prices rose 5% in September—the fastest pace in over four years—driven by higher fuel costs, beating Reuters’ 4.5% forecast and August’s 3.8%. Consumer inflation edged up to 0.9% from 0.8%, just below the 1% expected.
‼️ BREAKING: Singapore’s central bank unexpectedly left monetary policy unchanged as it expects both the global energy crunch and the artificial-intelligence boom to ease up next year
‼️ New York Fed President John Williams sees one more rate hike this year but none in 2027, urging policymakers to focus on underlying inflation amid energy and AI-related price shocks. His outlook aligns with the FOMC majority but contrasts with several colleagues and futures traders pricing at least one hike next year.
‼️ BREAKING: The U.S. Treasury Department said it is imposing $1.21 billion in penalties against Bank of America , the country’s second-largest lender, for violating laws designed to prevent financial crimes.
‼️ 🇮🇷 Iran is fortifying sensitive sites, including nuclear facilities, and rallying supporters as it prepares for possible renewed U.S. attacks, The Wall Street Journal reported. The Journal reported Iran was strengthening defenses at nuclear sites and vowing wider retaliation in response to any U.S. strikes.