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European Central Bank leaves interest rates on hold for the first time in two meetings as it assesses the situation in the Middle East

The European Central Bank (ECB) decided at its board meeting on the 29th to keep its policy interest rate unchanged. As energy prices continue to soar due to conflicts in the Middle East, the government has shown a stance of carefully assessing the impact of past interest rate hikes on the economy.

From October 28th to October 29th, a wide range of news was reported both domestically and internationally, including preliminary US GDP figures, a missile launch by North Korea, a train accident in Spain, and the results of the Japan Professional Baseball Series.

The preliminary US real GDP for the July-September quarter was an annualized increase of 3.4% compared to the previous quarter.

From October 28th to 29th, a wide variety of news was reported, including North Korean missile launches, a train crash in Spain, economic indicators and financial policy in the United States, and domestic political and business trends in Japan.

The US Federal Reserve decided to keep the policy interest rate unchanged at 3.75% to 4.00%.

A variety of breaking news from Japan and abroad, including the US Federal Reserve's insistence on keeping interest rates unchanged or raising interest rates, an earthquake with a magnitude of 5 on the Japanese scale in Chiba Prefecture, a train crash in Spain, and the Japan-Germany summit announcing the launch of AI dialogue.

US Federal Reserve keeps interest rates on hold, waits to see if inflation accelerates - 2 people oppose raising interest rates

The US Federal Reserve decided to leave the policy interest rate unchanged at the FOMC meeting on the 28th. Although inflation is accelerating due to soaring oil prices due to the U.S.-Iran conflict, the government has postponed any urgent interest rate hikes ahead of the midterm elections in November. Some board members voted against it.

Iida GHD subsidiary ordered to pay more than 400 million yen in surcharges, advertised as "No. 1 custom-built home" - Consumer Affairs Agency

On the 28th, the Consumer Affairs Agency announced that it had ordered four subsidiaries of Iida Group Holdings to pay a total of approximately 441 million yen in fines for violating the Act on Premiums and Representations (misperception of superiority) for displaying advertisements such as ``No. 1 custom-built housing company'' without conducting an objective investigation.