Central banks · Policy preview
The Fed’s October test: higher inflation after September’s rate rise
September’s rate increase is the starting point. The October 27–28 meeting will test how policymakers read the latest rise in consumer prices.
Forex News
The decisions, data and policy shifts behind the currency market.
Tuesday, 3 November 2026
News & analysis · All times UTC
News & analysis · All times UTC
Economic data
US inflation hits 3.7% as gasoline drives September’s rise
Gasoline drove more than half the September monthly increase. Core inflation also rose, leaving a more complicated picture for policy.
Central banks
The Bank of England held at 3.75%. Three votes tell the other story.
September’s 6–3 split shows why an unchanged rate should not be read as a settled outlook for sterling.
Beyond the rate headline
The vote and the policy assessment can change the outlook even when the rate stays put.
More market coverage
Currencies · Currency analysis
The ECB raised rates. That alone does not decide the euro’s direction.
September’s quarter-point rise put the deposit rate at 2.50%. For EUR/USD, the relative outlook is the harder question.