Eurozone inflation dipped to 2.1 per cent in October, hovering above the European Central Bank’s 2 per cent target for the second month in a row. Friday’s flash estimate of the annual inflation figure for October was in line with economists’ forecast in an LSEG poll and below the 2.2 per cent recorded in the previous month.

The Federal Reserve’s goal is to keep inflation at or under 2%. Annual inflation rose slightly in September, but not as much as economists had expected, providing the central bank with a clear path fo

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The Federal Reserve is widely seen to be willing to cut rates even though inflation is stuck near 3% and not showing much signs of moderating. The reason is that even with the cut, most Fed officials

The rate cut could gradually reduce costs for mortgages, credit cards, auto loans, and business borrowing, offering some relief to consumers and companies.

The European Central Bank must be careful in interpreting the inflation projections it will receive in December and avoid erratic policy decisions, according to Governing Council member Martins Kazaks.

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Powell said that estimates indicate the Fed’s preferred inflation gauge, the personal consumption expenditures price index, rose 2.8% over the 12 months ending in September. Core PCE prices rose 2.8% as well.

European equities eased on Friday, as investors digested mixed quarterly results and awaited key euro zone inflation figures to close out an action-packed month.

Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.