Automakers report stronger October U S sales
U S auto sales rose in October as consumer confidence improved and new models attracted buyers. GM led gains with a 3.5 percent rise ahead of an anticipated IPO, while Ford Chrysler and Hyundai posted solid increases. Toyota fell by 4.4 percent due to recalls and reduced incentives.
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The Fed's gamble on a massive debt purchase plan
The Federal Reserve plans to buy 500 billion to 1 trillion dollars of government debt in monthly 100 billion dollar installments to spur lending and lower rates. Economists see risks including potential inflation, weaker bonds, trade tensions, and doubts about the program's success.
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