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The European Central Bank will speed up interest-rate cuts over the months ahead to bolster the economy — taking borrowing costs to levels that no longer restrict demand by the end of 2025, according to a Bloomberg survey.

The consumers powering US economic growth are increasingly those who are higher up the income ladder, and likely enjoying a wealth effect from asset-price gains, according to research by Federal Reserve economists.

Catch up: Israel strikes central Beirut; Florida recovers from Hurricane Milton

Catch up: Israel strikes central Beirut; Florida recovers from Hurricane Milton

Three Federal Reserve policymakers on Thursday were unfazed by a higher-than-forecast September inflation report, suggesting the US central bank can continue lowering interest rates, but a fourth hinted he may favor a pause at their next meeting.

European Central Bank officials were keen to maintain flexibility on the speed of interest-rate reductions with inflation not fully defeated and risks to the euro-zone economy building, an account of their last policy decision showed.

China has asked its financial institutions to beef up monitoring of the nation’s wealth management products, people familiar with the matter said, after investors pulled some $149 billion to chase a rally in stocks.

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

Wages offered to new hires in China declined after two straight quarters of gains, in a sign of a weakening labor market that’s exacerbating persisting deflation and weighing on economic growth.

Economists anticipate that key measures of inflation decelerated in September, in spite of price pressures in some categories of goods including used cars.

The European Union and China must continue talks to avoid an escalation of protectionist measures that would lead to a “lose-lose” situation for both economies, Spain’s top economic official said.

China’s central bank has set up a swap facility to provide liquidity to institutional investors to buy stocks, part of a broad stimulus package announced earlier that ignited a rally in equities.

Catch up: Hurricane Milton makes landfall; Biden and Netanyahu speak

The consumer price index was expected to show a 0.1% increase in September and a 2.3% gain from a year ago, according to Dow Jones consensus estimates.

Federal Reserve Chair Jerome Powell is unlikely to win another big interest-rate cut from his policy committee so long as the labor market holds up.

European Central Bank Governing Council member Peter Kazimir offered the only real resistance so far to a third cut of the year in interest rates next week — despite that outcome looking more and more assured.

„Die aktuelle Budgetsituation ist echt nicht leicht“, hat Fiskalrat-Präsident Christoph Badelt am Mittwoch die Ausgangslage für die künftige Regierung zusammengefasst. In einer Pressekonferenz forderte er gemeinsam mit dem Zentrum für Verwaltungsforschung (KDZ) und dem Wirtschaftsforschungsinstitut (WIFO) rasche Systemreformen. Erneut wurden Zweifel an der Sinnhaftigkeit des Klimabonus für alle laut.

The European Central Bank will very probably lower interest rates next week and will loosen monetary policy again at future meetings depending on progress combating price rises, Governing Council member Francois Villeroy de Galhau said.

China said it would hold a briefing on fiscal policy on Saturday as investors look for additional measures to stimulate the world’s No. 2 economy.

Federal Reserve Vice Chair Philip Jefferson said risks to the central bank’s employment and inflation goals are now closer to equal.

Catch up: Floridians flee Hurricane Milton; Israel sends more troops into Lebanon

Eine Militärbasis im Süden Kambodschas deutet darauf hin, dass China seinen Einfluss in Ländern in der Region vergrößern will. Peking ließ dort in den vergangenen Jahren einen eigenen Pier bauen. Laut aktuellen Satellitenbildern liegen dort zwei chinesische Kriegsschiffe vor Anker, wie die BBC am Dienstag schrieb. Kambodscha, das noch vor wenigen Jahren eng mit den USA zusammenarbeitete, beschwichtigte – doch Nachbarstaaten sind besorgt.

Die Sanierung von kikaLeiner schreitet langsamer voran als geplant. Die heimische Möbelkette hat die Zahl der Beschäftigten im Laufe des Jahres von 1.900 auf 1.400 reduziert, wie die Oberösterreichischen Nachrichten (Mittwochausgabe) berichten.

Catch up: Floridians flee Hurricane Milton; Israel sends more troops into Lebanon

New Prime Minister Shigeru Ishiba won’t impede the Bank of Japan’s path toward raising interest rates, with January the most likely timing for its next hike, according to a former executive director in charge of monetary policy.

Chinese Premier Li Qiang vowed to “listen to the voice of the market” when formulating economic policies, in a rare nod to the concerns of the private sector and investors as Beijing seeks to shore up confidence and stabilize growth.

The German economy is likely to experience another year of contraction with the US election posing an additional risk to Europe’s growth, according to Bundesbank President Joachim Nagel.

Federal Reserve Bank of Boston President Susan Collins said policymakers should use a careful, data-dependent approach as they lower interest rates to help preserve the strength of the US economy.