💨 Abstract

Global stocks fell while U.S. Treasury yields rose on Thursday, as investors reassessed the path of interest rates from the Federal Reserve following data on labor market and inflation, as well as comments from central bank officials. consumer prices rose slightly more than expected in September, with the annual increase in inflation being the smallest in over 3-1/2 years. The Fed is now expected to be more concerned about inflation, which could lead to less interest rate cuts.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖