In an exclusive interview on cnbc.com, Chicago Fed President Michael Moskow said inflation is moving in the right direction, but the Fed isn't prepared to let down its guard.
slower-than-expected rise in Japan's inflation rate threw cold water on hopes of an interest rate hike by the Bank of Japan
Average U.S. home prices rose 7.73% over the 12 months to Sep. 30, but the quarter-to-quarter gain was the lowest since 1998 and indicates a sharp deceleration in house price gains, the U.S. Office of Federal Housing Enterprise Oversight.