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Australia's household spending handily surpassed expectations in October to post its biggest increase since January 2024, boosting the case for an interest-rate hike next year.

Australia's job market grew more than twice as expected in October, while unemployment fell from a near four-year high as more people either joined the workforce or returned to employment.

Gold hit a record high just below $4,000 an ounce as the US government shutdown, a wobble in technology stocks, and political shake-ups in Japan and France buoyed demand.

San Francisco Federal Reserve Bank President Mary Daly repeated on Thursday that the U.S. central bank likely needs to cut interest rates further, but it needs to move slowly as it balances risks to its twin goals of full employment and price stability.

President Donald Trump fired Federal Reserve Governor Lisa Cook late Monday, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics.

Oil prices were little changed on Tuesday after three days of declines on mounting oversupply concerns after OPEC+ agreed to another large output increase in September, though the potential for more Russian supply disruptions supported the market.

The European Central Bank doesn’t need to continue easing policy as borrowing costs may already be providing stimulus to the economy, according to Governing Council member Robert Holzmann.

Federal Reserve Bank of Dallas President Lorie Logan signaled it may take a while before officials know how the economy will respond to tariffs and other policy changes and thus how they should adjust interest rates.

You can also read this news on BH NEWS: Recession Fears Loom Over U.S. Economy In a recent discussion on CNBC, Neel Kashkari, who leads the Minneapolis Federal Reserve, raised alarms about th