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Susan Collins Wasn’t the Check on Trump That Was Needed, Says Poersch
Bank Stocks Decline Despite Strong Earnings Reports
ASML Reports Record Q3 Sales but Warns of Supply Shortages in 2027 and 2028
Anthropic’s Q3 revenue surges 45% to nearly $17 billion
Woman Admits Trying to Scam Wes Edens for $1.2 Billion
Anthropic Reports Significant Revenue Growth in Q3 2026
Mexico to require digital platforms to shield minors from harmful content
Huel CEO on Danone Deal and Expansion to US Retail
Loop Capital CEO on Expanding Athlete Wealth Platform
Asian Stocks to Fall as Hot CPI Sparks US Selloff: Markets Wrap
Anthropic revenue jumps to $16.8bn in third quarter
Rocket Lab pushes Neutron rocket’s debut flight to 2027, shares fall
S&P 500 Ends Longest Streak of Calm Since 2020 as AI Trade Sinks
Exclusive-Fed’s Daly says rate hikes likely needed, but not urgently
Woman Pleads Guilty to Trying to Scam Wes Edens
Dollar gains, Wall Street stocks fall after hot inflation data
Canadian Lender Cash Today Inc. Under Scrutiny as 44,000 Loans Vanish
TMGM Becomes Official Sponsor of BIGBANG's 2026–2027 World Tour in Sydney
Why is Rocket Lab stock tumbling today?
Colombia stocks higher at close of trade; COLCAP up 0.44%
Federal Reserve Faces Inflation Pressure as Diesel Costs Rise
Oil Prices Rise Amid Houthi Attacks and Iranian Tactics
Oil rises as Houthi-Saudi clashes, Iranian attacks on ships boost supply fears
Russia stocks lower at close of trade; MOEX Russia Index down 0.30%
Yemen’s Houthis vow more attacks on Saudi airports, oil facilities after Aramco HQ hit
Why Inflation Numbers Are Disappointing
Apple Closes Above the $5 Trillion Mark
Truth Social Sees Significant Decline in User Traffic
Battle Over the Pierre Ends in Defeat for the Buyer Pushed by Lutnick
OpenAI Faces Lawsuit from Eight U.S. States Over ChatGPT Safety Issues
Private Survey Reports Significant Crude Oil Inventory Draw
Trading Day: Tech melt
Volkswagen Bets on Trucks, SUVs to Crack US Market as China Profits Slide
India Seeks a Game-Changing AI Dividend. It Won’t Come Easy
Container Ship Sinks in Strait of Hormuz as Attacks Ramp Up
Bitcoin Slides as Wall Street Risk Pullback Tests Bullish Turn
Oil Gains as Middle East, Russia Hostilities Imperil Flows
Televisa’s AT&T Mexico deal boosts its challenge to America Movil
Eight US states sue OpenAI, claiming ChatGPT harms young users
Crude Oil Inventories Plunge, Surpassing Expectations
Stocks Tumble as Concerns Over Inflation and A.I. Investments Grow
US Stocks Decline Amid Inflation Concerns and Tech Sell-Off
Spot gold slips 1.5% as hot CPI report boosts Fed October rate hike expectations
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.09%
Canada stocks lower at close of trade; S&P/TSX Composite down 1.11%
Potential Tesla-SpaceX Merger Announcement Expected by December
Fed’s Goolsbee Says Inflation Discouraging, Warns of Overheating
Australia's September Employment Data Expected to Show 20,000 Job Gains
US floats fees for Spanish ships, caps on olive oil imports over port dispute
Anthropic to add US voting information to Claude before midterms
Russell 2000 Sinks 11% From Peak, Hits Correction as Rates Rise
Federal Reserve Official Highlights Need for Policy Adjustment Amid Persistent Inflation
Perella Weinberg, Piper Sandler abandon merger talks, FT reports
Nasdaq ends sharply lower as hot inflation data stirs rate-hike worries
SEC Approves Cboe’s KPI Prediction-Market Bets Via Robinhood
Anduril's Employee Tender Offer Could Value Company at $90 Billion
US chip stocks slide as inflation and AI debt fears unsettle investors
Nuvei Secures Authorization for Payment Services in South Africa
Federal Reserve Continues to Pause New Bond Purchases
Gold miners fall as bullion prices drop on Fed rate hike bets
US Treasury yields fall after reversing inflation-led selloff
German finance minister warns on trade conflicts ahead of IMF trip
What ‘Macbeth’ Can Teach Us About Avoiding Financial Fraud
Apple to Introduce AI Features in China This December
US Inflation Data Influences Market Dynamics
Explainer-What is Starshield, SpaceX’s military version of Starlink?
Q3 earnings strategy: where expectations look low and where beats are priced in
Treasuries Recover Most of Their Post-CPI Losses as Stocks Fall
Lululemon Makes Changes to Fabric Team After See-Through Mishaps
Federal Reserve President Signals Caution on Interest Rate Hikes
Mary Daly, President of the Federal Reserve Bank of San Francisco, indicated that further interest rate increases are likely necessary to combat inflation, but she sees no immediate need for action at the upcoming meeting scheduled for October 27-28. In an interview, Daly emphasized the importance of making thoughtful decisions based on comprehensive information rather than rushing into a response to recent economic data.
Daly's comments follow the release of September consumer price index data, which revealed an inflation rate of 3.7% year-over-year, exceeding expectations and remaining significantly above the Fed's target of 2%. She noted that rising gasoline prices are a major contributor to this headline inflation, while core inflation remains persistently high. Despite the elevated risks of inflation staying above target, Daly expressed confidence in the stability of the labor market, allowing the Fed to prioritize price stability.
The remarks come amid differing views among Federal Reserve officials regarding the timing of future rate hikes. While Daly advocates for a cautious approach, Chicago Fed President Austan Goolsbee described the recent inflation data as discouraging, highlighting ongoing pressures in the services sector. The Fed had previously raised its target range to 3.75% to 4% in September and indicated that December is more likely for the next increase, aligning with Daly's perspective.
© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: KLEA News