REUTERS SURVEY: 54 of 63 economists expect the Bank of England to raise its benchmark rate to 4.00% at the Nov. 5 meeting. In the prior poll, 54 of 65 economists had expected no change.

Pentagon says the U.S. will reduce troop deployments in Europe under the NATO 3.0 framework.

Chicago Fed President Goolsbee said this week’s consumer and producer price readings came in above expectations and were "disappointing." He said he "remains somewhat hopeful": if the factors lifting inflation — whether tariffs or supply disruptions from the Middle East war — fade quickly, that would be the best outcome; if inflation instead reflects overheated demand or a large-scale buildout of AI data centers, it would be more concerning and would require policy action.