CFTC chairman says stock perpetual futures can start trading on eligible exchanges
Eligible venues must have both CFTC designation and SEC registration permitting security futures trading.
BOJ sees progress toward anchoring inflation at 2%
The central bank said higher interest rates would likely ease price pressures and support consumption, despite recent weakness in household spending.
The Bank of Japan said on November 2 that inflation was gradually becoming anchored near its 2% target. In its detailed quarterly outlook, the central bank said further interest rate increases would likely temper price pressures and help support consumption.
The assessment examined inflation expectations, how companies set wages and prices, and whether businesses and households make decisions assuming prices will rise by about 2%. Companies’ inflation expectations appear to be converging toward that rate, the BOJ said, although household expectations remain widely dispersed.
The bank said a growing share of wage increases in recent years had been broadly in line with 2% inflation plus gains in labor productivity. Underlying inflation had consequently moved closer to 2%, though the BOJ said upside price risks still required attention.
Consumption had recently been weak after adjusting for inflation, reflecting poor summer weather and higher living costs, the bank said. Still, it expected spending overall to remain resilient, helped by government fuel subsidies, gains in stock prices and wage growth linked to a tight labor market.