Bonds & Stocks
A rally in oil prices rippled through global markets, sending stocks lower and whipsawing bonds on worries that higher energy costs will fuel inflation and force the Federal Reserve to boost rates. The S&P 500 fell 0.3%. The yield on 10-year Treasuries was little changed at 5.29%.
Economy
All 19 Federal Reserve officials backed the decision in September to raise interest rates, with many supporting the move to guard against the risk of intensifying inflation pressures.
World
Credit Suisse’s former head of investment banking in Brazil. The chief economist at Latin America’s largest investment bank. The ex-head of the central bank. A senior executive at Bank of America Corp.