News updates from October 10: US inflation fell to 2.4% in September; TD Bank to pay $3bn to US over money-laundering lapses

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Financial Times 2d ago

News updates from October 10: US inflation fell to 2.4% in September; TD Bank to pay $3bn to US over money-laundering lapses - Financial Times

Quick Summary:

Inflation: Price pressures in the US are forecast to have eased in September, with that month’s annual rate of inflation projected to be 2.3 per cent, from 2.5 per cent in August.

Wall Street’s benchmark equities index closed at a record high, with investors turning their attention to the release of important inflation data on Thursday.

US Treasuries and stock futures endured a bout of volatility as investors weighed economic data releases showing a smaller than expected decline in inflation and the highest level of jobless claims in more than a year.