October 30, 2026
United States:
US Employment Costs Trail Inflation for Second Straight Quarter
US labor costs grew slower than inflation for a second straight quarter, the latest sign that rising prices are squeezing Americans’ budgets.
The employment cost index, which tracks changes in wages and benefits, fell 0.4% in the 12 months ended in September once adjusted for inflation, according to Bureau of Labor Statistics figures out Friday.
Europe:
Euro-Zone Growth Beats Estimates Despite Slump in France
The euro-area economy grew at twice the pace analysts predicted, despite an unexpected slump in France and headwinds including elevated inflation and the selloff in bond markets.
Gross domestic product across the 21-member currency bloc rose 0.4% in the third quarter, Eurostat said Friday.
Asia:
BOJ Says Japan’s Inflation Trend Hits 2% Target as it Holds Rates
Bank of Japan Governor Kazuo Ueda signaled strong prospects for hiking the benchmark interest rate in December, hours after declaring underlying inflation had hit a long-sought goal of 2%.
Ueda took the first opportunity to sound hawkish about future moves at a press briefing on Friday, after the central bank kept its policy rate unchanged at 1.25% as widely expected.
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