October 29, 2026
United States:
US Economy Grows a Faster-Than-Expected 3.4%, Most in a Year
The US economy expanded in the third quarter at the fastest pace in a year, supercharged by feverish business investment and a resilient American consumer.
Inflation-adjusted gross domestic product increased an annualized 3.4% in the three months through September after growing 2.2% in the second quarter, according to an initial estimate issued Thursday by the Bureau of Economic Analysis.
Europe:
ECB Holds as Lagarde Exit Compounds Alarm Over Oil, France
The European Central Bank kept interest rates unchanged as news that President Christine Lagarde will step down early added to concern over energy costs and France.
The deposit rate was left at 2.5%, as predicted by almost all economists surveyed by Bloomberg.
Asia:
BOJ Set to Hold Rate as Inflation Reaches Long-Awaited Milestone
The Bank of Japan is widely expected to keep its benchmark interest rate unchanged on Friday while indicating that underlying inflation has finally reached its 2% target, a milestone that would strengthen the case for further rate hikes.
All BOJ watchers polled in a recent Bloomberg survey anticipate that the central bank’s policy rate will be left unchanged at the end of its two-day gathering this week, after the bank raised it to 1.25% last month.
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