More complications for OPEC deal:

More potential complications for OPEC when it comes to its efforts to finalize a production freeze deal a meeting in Vienna in late November. Bloomberg cited comments from Iraq’s oil minister, who said Sunday at a news conference in Baghdad that his country should be exempted from cutting production because it is engaged in a […]

NY Fed President Dudley sees no need to tighten aggressively:

Markets and economists becoming increasingly aligned in their expectation for a December rate hike, however Chair Yellen’s recent comments (on allowing a high pressure economy) have reinforced the perception of a very shallow tightening path. Latest remarks from NY Fed President Dudley’s seemed to fit with this view. Reuters, citing his follow up Q/A to […]

Headline CPI in line, but core misses:

September headline CPI increased 0.3%, in line with consensus and better than August’s 0.2% level. Rose 1.5% y/y. Gasoline accounted for more than half this increase, rising 5.8% in September. Shelter also a large component of the rise, posting its largest increase since May on higher indexes for rent and owners’ equivalent rent. Food prices […]