US stocks, gold, and oil got are getting a big boost today, as ECB President Mario Draghi recommitted to monetary easing to spur growth in Europe. Then China’s central bank added more fuel to the fire when it announced a surprise interest rate cut to keep their economy growing above 7%. (Fox Business News)
Consumer sentiment in the US advanced to its highest level since January 2008 as Americans grow more optimistic about their financial well-being. While the monthly measure tracking the economic outlook fell in November from a two-year high, the share of respondents saying the economy is improving matched the second-highest since June 2013. (Bloomberg)
Inflation remained very tame in September as the Consumer Price Index rose 0.1% during the month. For the year inflation is running at a 1.8% rate. Falling gas prices should apply even more downward pressure in coming months. (Reuters)
The leading economic indicators index, used to predict the future of the economy's health in the next 6-9 months, rose 0.9% in October, topping the 0.7% increase in September. (CNBC)
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