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(Bloomberg) -- Gold climbed to a record after another faster-than-forecast US inflation print and an uptick in applications for unemployment benefits did little to alter bets that the Federal Reserve will cut interest rates next week. Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAfter a Record Hot Summer, Pressure Grows for A/C MandatesChi

(Reuters) -Oil prices rose more than 1% on Thursday, extending a rebound spurred by concern over Hurricane Francine's impact on U.S. output, though a gloomy demand outlook capped gains. Brent crude futures for November were up 95 cents, or 1.4%, to $71.56 a barrel by 1322 GMT. U.S. crude futures for October rose $1.02, or 1.5%, at $68.33.

(Bloomberg) -- The government’s latest predictions for Russia’s economy through the rest of President Vladimir Putin’s current term suggest it will be in good shape by the next election. The optimism may be too good to be plausible amid intensifying sanctions and Russia’s continuing war on Ukraine. Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingHousing’s Worst Crisis in Decades Reverberates Through 2024

(Bloomberg) -- All signs point to a tough few months ahead for investors charting the dollar’s path, after the US presidential debate and a key inflation reading left markets anticipating heightened volatility through year-end.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Hal

U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week. The Labor Department said Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.2% from July to August. Excluding food and energy prices, which tend to fluctuate from month to month, so-called core wholesale prices moved up 0.3% from July and have risen 2.3% from August 2023.

Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels despite two years of elevated interest rates. Jobless claims rose by 2,000 to 230,000 for the week of Sept. 7, the Labor Department reported Thursday. Weekly filings for unemployment benefits, considered a proxy for layoffs, remain low by historic standards, though they are up from earlier this year.

Thailand’s new Prime Minister Paetongtarn Shinawatra vowed Thursday in her inaugural speech to Parliament to continue many of her predecessor’s plans to solve the country’s economic woes. Paetongtarn, the leader of the ruling Pheu Thai Party and daughter of former Prime Minister Thaksin Shinawatra, took office last month after a court ousted Srettha Thavisin from his post over an accusation that he had violated an ethics law by appointing a Cabinet member who had served time in prison in connection with a bribery case. Pheu Thai formed a government headed by Srettha after members of the conservative Senate refused to endorse the prime minister nominated by the progressive Move Forward Party, which won the most seats in last year’s general election.