U.S. Inflation Might Settle Above Target; Fed Is -2-

Israel's large cybersecurity base is mobilizing to protect the country's digital borders from hackers in the wake of last weekend's deadly cross-border attack. Members of Israel's technology sector are reeling from the war unfolding in their country, while trying to keep their businesses going as executives and employees join the fight . Opioid manufacturer Mallinckrodt received court approval for a plan that wipes out more than $1 billion of payments meant for addicts while handing control of the company to its lenders. Attracting compliance workers is harder than ever for crypto firms -just when the industry needs them the most. Basis Points U.S. mortgage rates rose for the fifth week in a row, lifting the 30-year fixed-rate mortgage to 7.57% as of Oct. 12, up 8 basis points from the previous week, according to Freddie Mac. (MarketWatch) Initial jobless claims in the U.S. were flat at 209,000 in the week ended Oct. 12, the Labor Department said, compared with an estimate of 210,000 by economists polled by The Wall Street Journal. Claims have been below 210,000 for four straight weeks. (MarketWatch) U.S. oil inventories rose much more than expected last week as domestic crude production jumped to an all-time high of more than 13 million barrels a day, according to the Energy Information Administration. (Dow Jones Newswires) Industrial production in Mexico rose in August for a sixth consecutive month, with higher mining output and construction activity partially offset by a decline in manufacturing. Output rose 0.3% from July in seasonally adjusted terms, the National Statistics Institute said. (DJN) India's inflation rate eased in September, bringing it back into line with the central bank's target. The country's consumer-price index increased by 5.02% from a year earlier, falling from the 6.83% recorded in August, according to preliminary government figures. (DJN) Malaysia's finance ministry forecasts the country's economic growth in 2024 at 4.0%-5.0%, on par with its estimates for this year, driven by broad-based expansion and brighter global trade prospects. It forecasts 2023 economic growth to moderate to around 4.0% from 8.7% last year, citing rising external headwinds. (DJN) Industrial output in the eurozone rose more than expected in August, a sign of green shoots in the economy's longstanding weak spot. Total production rose 0.6% on month in August, according to figures published by the European Union's statistics agency Eurostat, recovering partly from the 1.3% decline recorded in July. (DJN) Feedback Loop

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

10-13-23 0719ET