ECB rate hike looks nearly certain after inflation rises to three-year high
Bullish
The wire
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Treasury yields were last little changed Wednesday as investors weighed big wins from Democrats in the U.S. midterm elections.
Mortgage rates came down again last week, but mortgage demand from homebuyers continued to decline, as high home prices and inflation stretch affordability.
Donald Trump once claimed that he would “end” inflation, usher in a “golden age” and lay the foundations for the “brightest economic future” the world had ever seen. On Inside Economics this week, Henry Curr and Pierre Yared judge his progress
It was driven by energy inflation, which surged above 20% in October.