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Jay Powell says he’ll do what it takes to get U.S. inflation under control. Households and investors seem to believe the Federal Reserve chief.

Headline inflation (i.e. a measure of the total inflation within an economy) is set to rise a little further having eased back below 10% in August, and it’s likely to stay around 11% in the first quarter of 2023, before falling back more dramatically.

United States Consumer Price Index rose 0.1 percent in August on a seasonally adjusted basis after being unchanged in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, inflation increased 8.3 percent, above market expectations of 8.1%.

Xi’s visit to Central Asia this week, his first foreign trip in two years, suggests he’s comfortable with his grip on power at home, yet questions will be asked about China’s faltering economy at the Communist Party Congress starting on Oct 16th.

Jonas Gahr Store, Norway’s Prime Minister,  prompted on Wednesday that the Scandinavian nation, a devoted NATO ally and a European Free Trade Association member, could be open to gas price discounts for energy-starved European nations. It’s a smart move, given that the size of the discount is less important than the gesture.

Mercedes-Benz Vans, full-range provider of electric private and commercial vans, and electric vehicle manufacturer Rivian, have announced yesterday the signing of a Memorandum of Understanding to initiate a strategic partnership that will enable the companies to cooperate on the production of electric vans.

Often high stock prices encourage corporate chieftains to buy rivals. But both dollar value and the number of deals in the fossil fuel sector have dropped more than 10% so far this year compared to the same period in 2021, according to Refinitiv, making it the second worst year on record in a decade.

The second round of enrolment for the Executive INDE MBA Program is now open, with the program starting in October 2022 being the last chance to get on board.

The Governing Council today decided to raise the three key ECB interest rates by 75 basis points. This major step frontloads the transition from the prevailing highly accommodative level of policy rates towards levels that will ensure the timely return of inflation to the ECB’s 2% medium-term target.