“The projected path of inflation was conditional on exceptionally supportive financing conditions, which to a large extent reflected the current accommodative monetary-policy stance and prevailing market expectations about the future course of monetary policy, according to an account of the Sept. 7-8 meeting published on Thursday. “Members reiterated their full commitment to bringing inflation back to levels in line with the Governing Council’s medium-term aim without undue delay.”
Brent crude, the global oil benchmark, fell 0.1% to $51.80 a barrel on London’s ICE Futures exchange, having hit its highest level since June 10 during the previous session. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.2% at $49.71 a barrel.
Initial claims for state unemployment benefits declined 5,000 to a seasonally adjusted 249,000 for the week ended Oct.1, the Labor Department said on Thursday.Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 257,000 in the latest week.
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