Wolf Money(world market review 7-13 Oct 2024)
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(Image credit: WomderfulQuote) Market Summary 7-13 Oct 2024 *USA* + US annual inflation rate slowed for 6th consecutive mth to 2.4% in Sept, lowest since Feb 2021, from 2.5% in Aug + US core PPI rose by 0.2% from previous mth in Sept -US core consumer price inflation edged higher to 3.3% in Sept from 3-year low of 3.2% recorded in 2 previous mths -US year-ahead inflation expectations rose to 2.9% in Oct, up from near 4-year low of 2.7% in Sept: Uni of Michigan + US producer prices unchanged in Sept; modest rise in cost of services was offset by cheaper goods -US consumer sentiment slipped to 68.9 in Oct from 70.1 in Sept on frustration over high prices: Uni of Michigan + US wholesale prices unchanged in Sept, another sign that inflation is returning to something close to normal + US energy index fell by 6.8% over past 12 mths in Sept, the most in over a year -US food inflation accelerated in Sept reaching 8-mth high of 2.3% from 2.1% prior mth -US initial jobless claims up b