Recovery From Two Hurricanes, and German Automakers Look Forward<br />But Michael Saunders, a committee member who voted to raise rates, said in a speech last month<br />that a “modest rise” in interest rates was needed to ensure that the inflation returns to the central bank’s target over time.<br />Mark Carney, the Bank of England governor, said at the time<br />that inflation was expected to ease early next year and reduce pressure on household incomes<br />The Census Bureau will publish a snapshot of America’s economic welfare on Tuesday, including the median household income in 2016, the prevalence of poverty<br />and the share of Americans covered by health insurance.<br />The Monetary Policy Committee is widely expected to keep interest rates steady,<br />but the decision comes as some members of the committee have become increasingly concerned about inflation.<br />In its latest inflation forecast in August, the Bank of England said it expected inflation to peak at 3 percent in October.<br />At a financial services conference in New York on Tuesday morning, Harvey Schwartz, the president<br />and co-chief operating officer of Goldman Sachs, will present his firm’s current outlook.
