JPMorgan reaffirms its top mid-cap pick in telecom

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• U.S. gas prices fall below $4 for the first time since July

  A retreat in crude markets and typical seasonal patterns have combined to ease consumer fuel costs after months of intense pressure. Global oil supply pressures softened as Persian Gulf shipments rebounded and diplomatic rhetoric cooled tensions with Iran, moderating broader energy inflation. However, central bank officials warn that long-term stabilization remains uncertain given that fuel expenses are still elevated compared to earlier this year.

  1 min read
• Here's the inflation breakdown for October 2026 — in one chart

  Stubborn price pressures in shelter, groceries, and travel are keeping the consumer price index above economists' forecasts despite a monthly slowdown. These persistent gains keep core inflation well past the Federal Reserve's 2% annual target, complicating the central bank's policy path. Consequently, market expectations have shifted heavily toward another interest rate hike before the year concludes.

  4 min read
• NY Fed finds troubled debt levels ticked up in third quarter

  Troubled debt levels increased during the third quarter, according to findings from the New York Federal Reserve. The rise highlights a tick up in distressed debt across the period.

  1 min read