Midday Read: Interest rate rise in midst of cost of living crisis will leave many incredulous

Midday Read — November 5, 2026 at 5:00 PM. This digest was assembled automatically from 10 reports across 9 outlets.

Where the market stands

| Instrument | Last | Change |

| --- | --- | --- |

| S&P 500 | 7,439.21 | -3.24% |

| Nasdaq Composite | 24,594.37 | -4.44% |

| Dow Jones Industrial | 52,057.01 | -2.43% |

| US 10-Year Yield | 4.83 | -1.25% |

| CBOE Volatility Index | 23.92 | +44.01% |

| Tesla | $344.47 | -10.57% |

| NVIDIA | $186.04 | -7.04% |

| Ethereum | $2,261.85 | -6.65% |

Today's stories

Interest rate rise in midst of cost of living crisis will leave many incredulous

Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Business live – latest updates An interest rate rise by the Bank of England to 4% is a big call when households are suffering…

Covered by 2 outlets: The Guardian Business, BBC Business.

• Three ways the interest rate rise could affect you — BBC Business
• Three ways the interest rate rise could affect you — BBC Business

Barkin sees interest rate hikes ahead, but at a gradual pace

In a CNBC interview, the policymaker expressed concern over inflation and said monetary policy will need to adjust.

Covered by 2 outlets: CNBC Top News, CNBC.

• Barkin sees interest rate hikes ahead, but at a gradual pace — CNBC

Fed interest rates can move crypto before a decision, and cuts may not lift Bitcoin

Covered by 2 outlets: The Cryptonomist, The Defiant. Tickers in play: BTC-USD.

• How Fed Interest Rates Affect Crypto — The Defiant

The Fed’s New Inflation Warning Will Add Thousands to Families’ Already Soaring Bills

Reported by 24/7 Wall St..

• Read the original report — 24/7 Wall St.

Federal Reserve backs gradual rate increases as inflation stays above target

Covered by 2 outlets: Traders Union, Oz Arab Media.

• Barkin Expects Gradual Further Federal Reserve Rate Increases — Oz Arab Media

What to watch

• Interest rate rise in midst of cost of living crisis will… — whether today's move extends or fades.
• Barkin sees interest rate hikes ahead, but at a gradual pace — whether today's move extends or fades.
• BTC-USD — whether today's move extends or fades.
• Whether CBOE Volatility Index holds +44.01% into the next session.

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