The Federal Reserve is expected to formally announce the end of QE3 in tomorrow’s FOMC monetary statement. But as quantitative easing (buying assets with newly printed money) fades into the sunset, the trend in inflation expectations is moving in the wrong direction: down.
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● Seeking Unity, U.S. Revises Ebola Monitoring Rules | NY Times
The federal government on Monday tried to take charge of an increasingly acrimonious national debate over how to treat people in contact with Ebola patients by announcing guidelines that stopped short of tough measures in New York and New Jersey and were carefully devised, officials said, not to harm the effort to recruit badly needed medical workers to West Africa.
● Sweden’s central bank cuts benchmark rate to zero | MarketWatch
Sweden’s central bank cut its main interest rate to zero Tuesday, in a bid to boost inflation which has once again fallen below expectations.
● Italy Oct business confidence rises unexpectedly | Reuters
Morale among Italian manufacturers rose unexpectedly strongly in October, reversing four months of straight declines, data showed on Tuesday.
● ECB Praet: Risk of Deflation in Eurozone ‘Limited’ | MNI
European Central Bank Executive Board member Peter Praet said Tuesday that the risk of deflation in the Eurozone remained limited and that he expected the economy to avoid slipping into recession.
● Oil extends losses over weak price outlook | AFP
Oil moved lower in Asian trade Tuesday after Goldman Sachs slashed its price forecasts for the next two years owing to a global supply glut.