AP’s VoteCast surveyed Tennessee voters about their opinions on TAYLOR SWIFT, with about 4 in 10 viewing her favorably, while “3 in 10 felt they are never, ever getting back together with the songstress.” Talk about an Anti-Hero, am I right? My favorability rating for “Midnights” is 13/13. PATRICK HARKER, who heads up the Philadelphia Fed, said that he expects the central bank to ‘slow the pace of our rate hikes as we approach a sufficiently restrictive stance.’ At a separate event, Dallas Fed President LORIE LOGAN said the CPI report was ‘a welcome relief, but there is still a long way to go.’” What comes next: “Two Fed officials Thursday argued for moderating the pace of rate increases. Both increases as well as the monthly rises were below the median economist estimates.” The core consumer price index increased 0.3% from the prior month, while the overall CPI advanced 0.4%. Core prices, which exclude food and energy and are regarded as a better underlying indicator of inflation, advanced 6.3%, pulling back from a 40-year high. The nitty gritty: The consumer price index was up 7.7% from a year earlier, the smallest annual advance since the start of the year and down from 8.2% in September, according to a Labor Department report Thursday. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest-rate hikes.”
Inflation Slows More Than Forecast, Gives Fed Downshift Room,” by Bloomberg’s Reade Pickert: “U.S. DEBBIE DINGELL (D-Mich.) announced a bid for vice chair of the House Democratic Caucus. MARK YOUR CALENDARS - House Democrats have officially set their leadership elections for Nov.
More from AP’s Aamer Madhani and Zeke Miller In a statement, press secretary KARINE JEAN-PIERRE said that the leaders “will discuss efforts to maintain and deepen lines of communication between the United States and the PRC, responsibly manage competition, and work together where our interests align, especially on transnational challenges that affect the international community.” This is Biden and Xi’s first in-person meeting since Biden took office. PRESIDENTIAL PROGRAMMING NOTE - President JOE BIDEN will meet with Chinese President XI JINPING on Monday in Bali, Indonesia, the White House announced today.
President Joe Biden will meet with Chinese President Xi Jinping next week.
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