Abu Dhabi talks yield prisoner swap but no progress on territoryIran rejects uranium handover and threatens US bases in EuropeCongo's Ebola outbreak passes 11,000 cases as violence hampers responseMore tankers hit mines in Hormuz as Iran keeps strait shutRussia reports record drone attack on Leningrad region as strikes hit Ukraine's gridNvidia board hires law firm to probe CEO as Congress weighs subpoenaEuro hits 18-month low and yields jump as Fed weighs faster hikesSaudi air defences intercept more Houthi missiles as Yemen fighting widensGaza flood victims wait for tents as Israeli strikes continueSpain's first general strike in 14 years halts ports and car plants over housingAnthropic IPO reported oversubscribed as banks weigh higher valuationMilitants kill at least 10 police officers in northwest PakistanLeaders open COP31 summit in Antalya as Guterres attacks fossil fuel lobbyUS charges three Iran-backed men over attacks on Jewish targets and RAF Fairford plotTrump announces end of US military aid to Israel as Netanyahu's office says it will be phased outHoax bomb emails force evacuation of hundreds of schools in ItalySaudi output nears prewar level as Europe's gas supply stays strainedHead of Turkey's banking regulator resigns amid investment fund scandalEU Commission presents Digital Fairness Act with fines of up to 6% of global turnoverUS stock futures rise as CoreWeave results ease AI jittersIndonesian vice president reportedly resigns as lawmakers back impeachment petitionMerz threatens EU budget veto unless all states fund Ukraine; Prague and Bratislava push backRussia says it detained two Poles for spying as US soldier is arrested in BritainHouse Republicans block impeachment of HegsethRubio and Wang hold call to prepare Trump-Xi meetingRussia's ambassador to the US Alexander Darchiev dies suddenly at 66Bennett heckles Netanyahu as new Knesset convenesAI data centres plan 181 GW of on-site gas power as grid delays biteOver one million in Lebanon face acute food shortages, UN saysTens of thousands join Poland's nationalist march after Krakow attackKenya discharges last Ebola patient and starts 42-day countdownHelsing launches European rival to Palantir's battlefield softwareEl Salvador fires rockets at Haitian 400 Mawozo gang compoundRussia-led CSTO strips Armenia of voting rights over unpaid debtsAbu Dhabi talks yield prisoner swap but no progress on territoryIran rejects uranium handover and threatens US bases in EuropeCongo's Ebola outbreak passes 11,000 cases as violence hampers responseMore tankers hit mines in Hormuz as Iran keeps strait shutRussia reports record drone attack on Leningrad region as strikes hit Ukraine's gridNvidia board hires law firm to probe CEO as Congress weighs subpoenaEuro hits 18-month low and yields jump as Fed weighs faster hikesSaudi air defences intercept more Houthi missiles as Yemen fighting widensGaza flood victims wait for tents as Israeli strikes continueSpain's first general strike in 14 years halts ports and car plants over housingAnthropic IPO reported oversubscribed as banks weigh higher valuationMilitants kill at least 10 police officers in northwest PakistanLeaders open COP31 summit in Antalya as Guterres attacks fossil fuel lobbyUS charges three Iran-backed men over attacks on Jewish targets and RAF Fairford plotTrump announces end of US military aid to Israel as Netanyahu's office says it will be phased outHoax bomb emails force evacuation of hundreds of schools in ItalySaudi output nears prewar level as Europe's gas supply stays strainedHead of Turkey's banking regulator resigns amid investment fund scandalEU Commission presents Digital Fairness Act with fines of up to 6% of global turnoverUS stock futures rise as CoreWeave results ease AI jittersIndonesian vice president reportedly resigns as lawmakers back impeachment petitionMerz threatens EU budget veto unless all states fund Ukraine; Prague and Bratislava push backRussia says it detained two Poles for spying as US soldier is arrested in BritainHouse Republicans block impeachment of HegsethRubio and Wang hold call to prepare Trump-Xi meetingRussia's ambassador to the US Alexander Darchiev dies suddenly at 66Bennett heckles Netanyahu as new Knesset convenesAI data centres plan 181 GW of on-site gas power as grid delays biteOver one million in Lebanon face acute food shortages, UN saysTens of thousands join Poland's nationalist march after Krakow attackKenya discharges last Ebola patient and starts 42-day countdownHelsing launches European rival to Palantir's battlefield softwareEl Salvador fires rockets at Haitian 400 Mawozo gang compoundRussia-led CSTO strips Armenia of voting rights over unpaid debts
Bota
Symbolic image: Euro hits 18-month low and yields jump as Fed weighs faster hikesSymbolic image

Euro hits 18-month low and yields jump as Fed weighs faster hikes

6 sources

Hotter US inflation has Fed officials debating how fast to raise rates. The euro fell to an 18-month low against the dollar.

The consumer price index report on Tuesday, 10 November, showed inflation at 4% in October against 3.7% in September, even as gas prices leveled off, according to the Associated Press. Core inflation stayed firm for a third consecutive month, Xinhua reported via Global Times, and short-term Treasury yields rose sharply. Dallas Fed president Lorie Logan, a voting member of the rate-setting committee, said she supports two more quarter-point hikes and that the Fed could "move more rapidly this winter" than this fall. She pointed to persistent price rises for services such as doctor visits, childcare and dining out.

Currencies and bonds

The Wall Street Journal reported the euro at an 18-month low and the yen at a one-month low, both on Fed hike bets. Bloomberg reported Japanese government bond yields jumping in step with a Treasury selloff, and Reuters reported sterling falling against a firmer dollar.

Officials divided on pace

The New York Times reports that officials are split over how fast to go as price pressures intensify. The AP adds that Fed officials increasingly fear oil prices linked to the Iran war may stay high longer than expected, and Reuters reports Goldman expects an additional hike in March.

To the edition