Global Economic Trends: Inflation Persists as Central Banks Tighten Policy

US underlying inflation picked up along with consumer spending as Q3 ended, ahead of the Fed's next-to-last policy meeting this year.

Consumer price growth in Tokyo unexpectedly accelerated for the first time in 4 months in October, indicating stickier inflation as the BOJ prepares to set policy.

The UK economy lost jobs for the 3rd straight month through August, the longest drop since the pandemic, signalling easing inflationary pressure.

South Korea's early exports returned to growth for the first time in over a year, indicating recovering external demand.

China's President Xi stepped up economic support, issuing more sovereign debt, raising the budget deficit, and even visiting the central bank.