Even though the Federal Reserve temporarily put its inflation fight on hold this week, the cost of living rose sharply again last month in a sign the central bank’s work is far from done.

GDP and inflation figures arrive together at 8:30 a.m. Eastern time. Strong growth and persistent price pressures could strengthen the case for an interest-rate increase in December.

The 7 follows President Donald Trump's second term.

Federal Reserve policymakers held their benchmark short-term interest rate steady at their final meeting before the midterms.

European Central Bank President Christine Lagarde will resign Feb. 7, nine months ahead of the end of her 8-year term, the ECB said Thursday. The resignation opens the way for European leaders to choose a successor for the ECB president and other top officials whose terms are ending next year.

Christine Lagarde is to step down as European Central Bank president in February, nine months early, setting up a leadership contest just as the central bank faces a resurgence in inflationary pressures.

European Central Bank President Christine Lagarde will resign Feb. 7, nine months ahead of the end of her 8-year term.

Christine Lagarde's decision to step down early as European Central Bank president ends an eventful seven years at an institution she was never expected to lead.

The Houthis said Tuesday that they struck Saudi Arabia’s Ras Tanura refinery in the Eastern Province with a ballistic missile.

Oil gained. While prospects of diplomatic talks eased tension in the Middle East, they failed to generate any meaningful selling interest, as traders are increasingly focused on what is happening on the ground, said ANZ.

Oil prices fell to around $114 a barrel on Tuesday amid a growing number of geopolitical developments that could affect energy markets in the coming days. From the pending Israeli election to the US midterms next week and the potential for renewed attacks on Iran by both nations,

Oil prices climbed Wednesday as investors weighed the prospect of a prolonged conflict in the Middle East.

The currency has lost almost 5% against the U.S. dollar in six months.

The dollar held at two-week highs Wednesday ahead of policy decisions from central banks, with the Fed widely expected to leave rates unchanged while signaling the probability of any December move.

The dollar held steady at a two-week high early on Wednesday ahead of a string of policy decisions from central banks, with the Federal Reserve expected to leave rates unchanged while signalling whether a December move remains on the table.

The US dollar was flat against major currencies on Wednesday ahead of the Federal Reserve's interest rate decision, while the New Zealand dollar fell sharply after the country's central bank surprisingly left interest rates unchanged.