October 31, 2025
United States:
Fed’s Schmid Cites Inflation Risks in Dissent Against Rate Cut
Federal Reserve Bank of Kansas City President Jeff Schmid said he voted against the US central bank’s decision to lower interest rates this week because he’s concerned that economic growth and investment will put upward pressure on inflation.
“By my assessment, the labor market is largely in balance, the economy shows continued momentum, and inflation remains too high,” Schmid said in a statement released Friday.
Europe:
Euro-Zone Inflation Dips Closer to 2% as ECB Holds Rates
Euro-area inflation eased slightly but stayed above 2%, backing the European Central Bank’s decision to keep borrowing costs where they are.
Consumer prices rose 2.1% from a year ago in October, down from 2.2% in September. That matched the median estimate in a Bloomberg survey.
Asia:
Faster Tokyo Inflation Supports BOJ Rate Hike Case, Lifts Yen
Inflation in Tokyo rose at a faster pace, supporting the case for the Bank of Japan to keep raising interest rates gradually and giving the yen a boost.
Consumer prices excluding fresh food gained 2.8% in October from a year earlier in the capital, according to the Ministry of Internal Affairs and Communications on Friday, with the main driver behind the acceleration being water charges.
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