Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday.
The European Central Bank ended its run of interest rate hikes on Thursday, despite new upside risks to inflation from oil markets amid the Israel-Hamas war.
The world may be facing "the most dangerous time... in decades", bank boss Jamie Dimon has warned. The chief executive of JP Morgan Chase told investors that he was concerned about the risks to the economy from rising geo-political tensions.
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