U.S. consumers anticipate higher inflation despite optimism about personal finances. The New York Fed notes improved income expectations, but the job market outlook weakens. Meanwhile, inflation data shows moderate increases, and concerns remain over mortgage rates, which are predicted to stay above 6%. Precious metals, including gold and silver, exhibit notable price movements amid market volatility.
Job openings in the U.S. increased to 7.74 million in October, surpassing expectations, while the trade deficit narrowed significantly to $73.8 billion. The Federal Reserve’s role in economic policy has shifted, with prospects for economic growth remaining positive into 2025. Overall, stability and caution mark current economic conditions.
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