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Inflation Accelerated in October, PCE Index Shows

29 October 2026 at 12:55
The Personal Consumption Expenditures index picked up in September, according to data released a day after the Federal Reserve’s decision to hold interest rates steady.

© Ben Stansall/Agence France-Presse — Getty Images

A factor pushing prices up this year has been a severe energy crunch created by the war with Iran that sent oil prices soaring.

Christine Lagarde to Step Down as President of European Central Bank

29 October 2026 at 10:50
Her plan to depart in February, months before the end of an eight-year term, sets in motion a selection process among European leaders for a new central bank president.

© Heiko Becker/Reuters

Christine Lagarde’s appointment as the European Central Bank’s first woman president was the latest step in a career of breaking gender barriers, while also contending with economic crises.
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