Page 62 - Inflation Data News Today

(Bloomberg) -- From Washington to Frankfurt to London and beyond, central bankers are approaching their final decisions of the year against a backdrop of unease at how the global inflation cycle is turning.Most Read from BloombergApps That Use AI to Undress Women in Photos Soaring in UseThe Record Rush to Buy a Rolex or a Patek Philippe Is OverApple’s iPhone and Watch Product Design Chief to Leave in Shake-UpStock Faithful Ride $7 Trillion Rally as Market Timing BackfiresDecisive Moment A...

"Don't overreact to some sharp turn, because it might not be real or it could turn back really fast," Claudia Sahm told Business Insider.

The dollar index, which measures U.S. currency against six rivals, eased 0.058% to 102.74, not far from 102.46 - its lowest since Aug. 10 it touched on Wednesday.

PCE data showed prices slowed last month, while weekly jobless climbs climbed, boosting expectations for the Fed to pivot next year.

Londons benchmark FTSE 100 index dropped 0.4 percent to 7,428.78 points.

The approach of month end could also cause some caution, given the hefty gains investors are sitting on

Asian shares got off to a hesitant start on Monday ahead of potentially market-moving inflation data from the United States and Europe later in the week, and a meeting of oil producers that could stop, or extend, the recent slide in prices. Japan's Nikkei added 0.3%, having surged 9% so far in November. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, but 6.7% firmer for the month.

Minutes from the FOMC, the European Central Bank (ECB) and the Reserve Bank of Australia (RBA) occupy the macro throne this week.

The S&P 500, Nasdaq, and the Dow Jones Industrial Average are up about 2% or more this week.

Wednesday's producer price index fell by the most since April 2020, and Thursday's labor market data showed fresh signs of weakening.