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Last week, unemployment applications fell to 213,000, the lowest level since April.

According to a Texas judge, the U.S. Department of Labor overstepped its boundaries in raising the salary threshold.

Facing pressure from economists to restrain government spending, Canada’s Finance Minister promised to hold the FY2023-24 deficit below C$40.1 billion, but the country’s parliamentary budget officer now expects to run a C$46.8 billion deficit this fiscal year.

Chinese investors’ enthusiasm is helping China’s dollar bonds trade at lower yields than U.S. Treasuries—a historical anomaly because the U.S. securities have historically been considered the safest of investments.

Chicago Federal Reserve President Austan Goolsbee says that although the Fed will take its time reducing interest rates, the end result will be much lower rates if inflation stays near the Fed’s target.

In October, the PPI rose 2.4% year-over-year.

Shoppers will pay: “Significant tariffs on China [would] have all sorts of wide-ranging implications—not only in the supply chain, but [in] the overall economy,”

The 3.6% annualized rate of growth in the core CPI underscores the slow and frustrating nature of the battle against inflation.