Brazilian President Luiz Inacio Lula da Silva, the Workers’ Party (PT) candidate for presidential re-election, speaks alongside his wife, Rosangela “Janja” da Silva, and Vice President Geraldo Alckmin after winning the presidential runoff election, in Sao Paulo, Brazil, on Sunday.
US inflation increased less than expected in August and price pressures were more moderate in the prior month than previously reported, likely reducing the urgency for the Federal Reserve to raise interest rates again in October.
US consumer confidence plunged to a near 12-1/2-year low in September, with households expecting a deterioration in business and labor market conditions over the next six months amid the Middle East conflict and rising interest rates.
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