CPI REPORT
McDonald's McRib is back on menu in selected outlets, cities: Check launch date, all about McDonald's iconic sandwich
McDonald's McRib sandwich was first introduced in Kansas City in 1981. Subsequently, in 1982, McDonald's McRib was made available across the United States of America.
Keralam Lok Bhavan recommends removal of KPSC chairman Baiju to President Murmu over irregularities in recruitment
Former Keralam Governor Rajendra Vishwanath Arlekar recommended the removal of KPSC Chairman M R Baiju due to irregularities. This decision follows a Crime Branch investigation into alleged irregularities in PSC examinations. Complaints were lodged by Yuva Morcha and ABVP during Arlekar's term as governor. Various political leaders are expressing differing opinions regarding the recommendation and the functioning of the PSC.
‘Whose peace am I being asked to keep?’: AISA chief Neha Bora refuses to sign peace bond, questions restrictions on dissent
Neha Bora, the president of AISA, publicly declared her intention to refuse a peace bond stipulated by police. After her detention during a protest, she challenged the police notice in the Delhi High Court. Bora emphasized that street demonstrations are a fundamental democratic right and should not be perceived as threats to public order. She asserted that the right to dissent needs to be protected within democratic systems.
RBI flags rising inflation risks from West Asia conflict, El Nino despite resilient Indian economy
India's external sector shows resilience due to a narrowing trade gap and comfortable foreign exchange reserves. Inflationary pressures have intensified due to geopolitical tensions and supply-side bottlenecks. The RBI reported an increase in both industry and services indicators, showcasing economic strength. The IMF has revised India's growth projection for 2026-27 to 7% based on resilient domestic demand. Global financial volatility has increased amid global challenges and rising inflation risks.
Brisk polling in eight Bihar MLC seats; 150 candidates in fray
Polling for eight Bihar Legislative Council seats witnessed a significant turnout during the initial hours. Saran Teachers' constituency recorded the highest turnout, while several constituencies faced intense competition. Voting began at 8 am and will conclude at 4 pm today. The event includes a combined electorate of over five lakh voters across numerous polling stations. Counting of votes is scheduled to take place on October 27.
Global Market: Japan’s core inflation accelerates, putting BOJ rate hikes in focus
Japan’s core inflation rises to 2.1% in September, exceeding the Bank of Japan’s 2% target for the first time in nine months. Higher energy costs, yen weakness and AI-related demand could strengthen the case for further interest rate hikes.
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Andhra Pradesh SEC halts urban local body elections following SC order
Andhra Pradesh State Election Commission has stopped the election process for 100 urban local bodies as directed by the Supreme Court. This includes 13 Municipal Corporations and 87 Municipalities, among others. The halt comes after YSRCP filed a petition challenging the nomination deadline extension refusal. The Supreme Court ordered a postponement of the final candidate list publication until October 25.
Social Security gets a 3.6% raise in 2027, but a 22% cut looms by 2032: Could a 40% payroll tax hike make Millennials and Gen Z pay more?
Your Social Security payment will rise 3.6% in January 2027, about $75 more a month on average. But the bigger story is 2032, when the retirement fund runs dry and benefits could be cut 22%. Fixing it may mean higher payroll taxes for workers, and the clock is already ticking.
When it comes to Trump's economy, these are the numbers that matter before mid-term elections
United States President Donald Trump attempted to convince voters before the upcoming mid-term elections that the American economy is growing. However, voters have maintained the negative effects of inflation caused by the Iran war. The economy is seeing slowing job growth and widening income inequality, with high interest rates encumbering housing and automobile purchases.
Gold slips as investors await Fed rate signals
Gold prices fell slightly as investors monitored the Federal Reserve's major interest rate decision. The anticipated meeting will provide key insights into future economic policies. Economists expect the Fed to hold rates steady, emphasizing inflation concerns. The Bank of Japan is also projected to raise interest rates in December. Other precious metals, including silver and platinum, experienced minimal changes during this period.
Social Security’s $75 monthly boost has a catch: Why the 2027 COLA may fall short as trust fund depletion looms
Retirees will see a 3.6% boost in their Social Security checks starting January 1. The increase raises the average monthly payment for a retired worker by $75. The debate over the 2027 increase comes against a difficult financial outlook for Social Security. According to the 2026 trustees' report, the combined Old-Age and Survivors Insurance and Disability Insurance trust fund reserves are projected to be depleted in 2034 under the report's central assumptions.
MK Stalin chairs DMK MPs meeting on SIR, other key issues today
Members of the DMK met at their headquarters while protests continued against the Election Commission's SIR exercise. DMK MP Kanimozhi criticized the Union government, claiming that voters were denied their rights. Demonstrators also demanded the resignation of Chief Election Commissioner Gyanesh Kumar concerning alleged electoral manipulation. Opposition parties accused the Election Commission of favoring the BJP and called for accountability.
Euro gets much-needed reprieve as AI wobbles rock the dollar
The dollar is about to experience its first weekly decline in five weeks amid AI investment concerns. The euro has rebounded from a 17-month low as US yields fall. Investors are worried about the profitability of data centre operators amidst AI stock volatility. Federal Reserve Chair Kevin Warsh's speech may influence market expectations for upcoming rate decisions.
USD rate: Why is US Dollar down from 18-month peak?
USD rate: Government bonds rallied and the dollar pulled back, reflecting cautious remarks from Federal Reserve officials that further cooled expectations for an October interest-rate hike.
Global Market Today: Stock selloff extends to Asia as chip rout deepens
MSCI Inc.’s Asia Pacific equities gauge dropped 1.5%, heading for a fourth straight decline, led by losses in South Korea, a bellwether for artificial intelligence investment. The Kospi Index slumped as much as 6.5% to its lowest since late July, with chip heavyweights Samsung Electronics Co. and SK Hynix Inc. tumbling at least 7%.
10-year treasury: Why is US Bond market benchmark yield rising on Wednesday? What does this mean for economy, Fed Interest Rate?
U.S. bond market benchmark 10-year Treasury, saw its yield jump to 5.26 per cent from less than 5.17 per just before the inflation report’s release on Wednesday.
Social Security COLA 2027: When will the 3.6% increase start showing up in payments, and what should retirees watch for?
The Social Security Administration (SSA) has officially announced a 3.6% Cost-of-Living Adjustment (COLA) for 2027. This adjustment is designed to help nearly 72 million Americans keep pace with persistent inflation and maintain their purchasing power. While the new COLA rate takes effect with the December 2026 benefit period, the actual increased dollars will land in bank accounts and mailboxes between late December 2026 and late January 2027, depending on the program and birth date.
Donald Trump approval ratings crash in 39 states ahead of November 3 US Midterm elections, energy, gasoline prices add to worry. Can Social Security Cost of Living-Cola Payment save it for Republicans?
Donald Trump approval ratings in some states were sliding to negative from the positive that is recorder earlier in 2026. Republicans are retreating from a handful of battleground U.S. House races, while Democrats are racing to raise money to boost candidates who seemed like long shots earlier this year.
Silver futures plunge 4% on MCX ahead of US CPI; rising oil adds pressure
Silver prices fell sharply on October 14 as rising crude oil prices, a stronger dollar and caution ahead of US inflation data weighed on sentiment.
US CPI inflation rises as Iran war drives up fuel prices: How higher petrol and diesel costs could hit American households
American households are facing increased inflation and rising fuel prices just weeks before the midterm elections. Consumer prices rose unexpectedly in September, driven primarily by a significant rise in gasoline costs. The conflict involving the United States and Iran has contributed to these economic pressures, particularly affecting energy availability. As a result, businesses may need to increase prices on goods and services to offset higher operational costs.
Global Market: BoE's Huw Pill wary of market bets on four rate hikes over next year
Bank of England Chief Economist Huw Pill has questioned market expectations for four quarter-point rate hikes over the next 12 months as policymakers assess the inflationary fallout of the Iran war. His comments highlight divisions within the Monetary Policy Committee over how to balance rising energy prices against risks to economic growth.
US yields jump as hot consumer inflation boosts rate hike bets
In September, the US Treasury yields climbed as the Consumer Price Index (CPI) showed a surprising rise of 0.6% month-over-month and 3.7% year-over-year. This unexpected inflation report heightened the chances of an interest rate hike by the Federal Reserve in December, signaling a potential response to ongoing inflationary pressures. Market sentiments are now leaning toward the anticipation of policy changes from the Fed as they aim to manage inflation effectively.
Nvidia pledges $250 million in computing resources to boost UK AI safety research
Nvidia has committed $250 million in computing resources over five years to advance UK artificial intelligence safety research. Announced by CEO Jensen Huang on Wednesday, the $50 million annual pledge focuses on agentic AI security, supporting initiatives at Oxford, Imperial College London, and University College London.
Global Market: European shares rise as ASML rally lifts tech stocks; investors eye US CPI
European shares increased modestly as the pan-European STOXX 600 index recovered from previous losses. ASML's strong demand led technology stocks to gain, while concerns about geopolitical risks remained. Oil prices rose following attacks on vessels in the Strait of Hormuz, which limited gains in equities. The market also awaits US consumer price index data that could impact interest-rate projections.
Gold prices flat as markets await US CPI data
In early Asian trading, gold prices held steady as investors awaited crucial US consumer price data, which could affect future Federal Reserve decisions. New York Fed President John Williams spoke about the need for potential interest rate increases to combat inflation. Additionally, Fed Governor Christopher Waller noted that robust economic growth could influence US bond yields, with other precious metals experiencing slight downturns amid the evolving market conditions.
Social Security COLA explained: How 3 months of inflation data determine your annual raise, and what it means for your check
Social Security COLA 2027: Retirees are just one day away from finding out what their next check will look like. Tomorrow, October 14, the Social Security Administration will announce the official cost-of-living adjustment, or COLA, for 2027. Until that announcement drops, everyone is watching one final piece of the economic puzzle, that is, September inflation.
Bitcoin trades near $83,000 as macro headwinds and US political uncertainty weigh on sentiment
Bitcoin consolidated near $83,000 as rising US bond yields, dollar strength, and ETF outflows weighed on sentiment. Analysts highlight Wednesday's US CPI inflation data as the next key catalyst, with strong support holding near $81,000 and major resistance positioned at $84,000.
Social Security 2027 COLA could be the biggest since 2023: How it compares with the 8.7% increase
Social Security recipients could see a 3.5% to 3.6% benefit increase in 2027, according to September forecasts. Here’s how the latest COLA projections compare with the 8.7% increase in 2023 and what could determine the final adjustment.
October 14 is the big day for Social Security’s 2027 COLA: What retirees need to know before the big announcement; will September inflation data shape your raise
The Social Security Administration will announce the 2027 cost-of-living adjustment (COLA) on October 14 at 8:30 a.m. ET. The announcement will follow the release of September's Consumer Price Index (CPI) by the Bureau of Labor Statistics. This is the final inflation report needed to calculate next year's adjustment. The Senior Citizens League forecasts a 3.5% COLA for 2027. If the 3.5% forecast holds, it will mark the largest increase in four years. For comparison, the adjustment was 2.8% in 2026 and 2.5% in 2025.
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