Waller: If Inflation Doesn't Cool by Year-End, Fed Could Bring Rate Increases Forward
Federal Reserve Gov. Christopher Waller said the central bank could move forward the timeline for raising short-term interest rates to restore price stability if high levels of inflation don't start cooling soon, adding that he supports the Fed slowing its asset buying stimulus effort starting next month.
Stocks Close Higher as Companies Report Earnings
Major indexes climbed as investors parsed earnings reports for insight into how companies are coping with inflation and supply-chain disruptions.
Biden Identifies Cuts to Social Policy and Climate Bill
Democrats accelerated efforts to strike a deal on the legislation. Two years of tuition-free community college and a clean electricity program could be dropped, while other programs may be slimmed down.
U.S. Lawmakers Turn Spotlight on Private Equity
A group of legislators led by Sen. Elizabeth Warren plans to reintroduce the Stop Wall Street Looting Act this week amid hearings on buyout-firm practices
China Sells $4 Billion of Dollar Bonds, Borrowing Cheaply Once Again
The four-part deal comprised bonds that mature in three, five, 10 and 30 years, similar to China's previous international bond sale a year ago.
China PBOC Keeps Loan Prime Rate Unchanged
China's central bank kept its benchmark loan prime rate unchanged, with the one-year LPR at 3.85% and five-year LPR at 4.65%.
Japan's September Exports Increase for Seventh Month
Japan's exports in September increased for the seventh-straight month, driven by demand for mineral fuels, steel and semiconductor products in major overseas markets, Ministry of Finance data showed.
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