The Federal Reserve will cut its benchmark interest rate for the second consecutive month to try to ease inflationary pressures.

Optimism about future economic conditions is at best level in nearly four years, according to a survey done before Election Day.

U.S. consumer sentiment rose to a seven-month high in early November, with a measure of households' expectations for the future climbing to the highest in more than three years, a survey showed on Friday.

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Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump's victory in the U.S. presidential race.

U.S. inflation and retail sales data will be the highlight of the week’s economic data as investors continue to digest the implications of Donald Trump’s victory in the U.S. presidential election.

The central bank said future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.

The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual as it predicted the British government's first budget would lead to higher inflation and economic growth.