News
Important Only
ANALYSIS-South Korea's booming used car exports cushion impact of US tariffs
South Korean auto export value hit record levels in AugustGrowth was largely driven by increased demand for used carsRussia, Central Asia and Middle East among the top export marketsBy Ju-min ParkINCHEON, South Korea, Sept 30 (Reuters) - From the muddy grounds of a former amusement park on South Kor...Reuters
Mon, Sep 29
NY Fed official flags strong liquidity ahead of potentially choppy quarter end
Fed's QT process continues to remove liquidityQuarter-end pressures may cause temporary money market volatilityStanding Repo Facility expected to see increased usage amid liquidity concernsBy Michael S. DerbySept 29 (Reuters) - A day ahead of what is expected to be very volatile conditions in mo...Reuters
Mon, Sep 29
ADVISORY-Correction to alert from Sept 23 speech by Fed's Powell
Sept 29 (Reuters) - A news alert connected to the September 23 story about Federal Reserve Chair Jerome Powell's speech in Rhode Island incorrectly quoted him saying that core PCE inflation likely rose 2.3% in August instead of 2.9%, which was the estimated figure for core PCE Powell cited in hi...Reuters
Mon, Sep 29
Law firm DLA Piper must face lawsuit over pregnancy bias, judge rules
By David Thomas Sept 29 (Reuters) - International firm DLA Piper must face part of a lawsuit brought by one of its former U.S. lawyers who claimed she was fired for seeking maternity leave, a judge in Manhattan ruled Monday.U.S. District Judge Analisa Torres said that Anisha Mehta, a former senio...Reuters
Mon, Sep 29
Fed's Williams: Recent rate cut aimed at bolstering job market
By Michael S. DerbySept 29 (Reuters) - Federal Reserve Bank of New York President John Williams said on Monday that emerging signs of weakness in the labor market drove his support for cutting interest rates at the most recent central bank meeting.“It made sense to move interest rates down a little ...Reuters
Mon, Sep 29
Law firm DLA Piper must face lawsuit over pregnancy bias, judge rules
By David Thomas Sept 29 (Reuters) - International firm DLA Piper must face part of a lawsuit brought by one of its former U.S. lawyers who claimed she was fired for seeking maternity leave, a judge in Manhattan ruled Monday.U.S. District Judge Analisa Torres said that Anisha Mehta, a former senio...Reuters
Mon, Sep 29
TREASURIES-US yields decline as government shutdown risk looms
Government shutdown could delay key jobs reportFourth-quarter U.S. economic growth could also be impactedOctober rate cut probabilities slightly higherBy Davide Barbuscia and Karen Brettell NEW YORK, Sept 29 (Reuters) - U.S. Treasury yields declined on Monday as investors adjusted for the risk of...Reuters
Mon, Sep 29
What to Watch in the Day Ahead - Tuesday, September 30
On the U.S. economic front, the Labor Department's JOLTS job openings report for August is scheduled to post a rise of 7.185 million openings, slightly above July's increase of 7.181 million. Separately, the Conference Board's consumer confidence index for September is expected to declin...Reuters
Mon, Sep 29
As Peru election nears, economic gains seen at risk, OECD says
LIMA, Sept 29 (Reuters) - Peru should implement economic measures to counter political uncertainty that is expected to intensify ahead of the 2026 general elections, the Organisation for Economic Co-operation and Development said in a report published on Monday. WHY IT'S IMPORTANTThe recomme...Reuters
Mon, Sep 29
Fed's Musalem: Open to further cuts but must be cautious
WASHINGTON, Sept 29 (Reuters) - St. Louis Federal Reserve President Alberto Musalem said he was open to further interest rate cuts but the Fed must be cautious and keep rates high enough to continue to lean against inflation that remains roughly a percentage point above the central bank's 2% tar...Reuters
Mon, Sep 29
Fed's Williams says cutting rates aimed at bolstering job market
Sept 29 (Reuters) - Federal Reserve Bank of New York President John Williams said Monday that emerging signs of weakness in the labor market drove his support for cutting interest rates at the most recent central bank meeting.“It made sense to move interest rates down a little bit” and “to take a li...Reuters
Mon, Sep 29
Brazil creates fewer formal jobs than expected in August
BRASILIA, Sept 29 (Reuters) - Brazil's economy created 147,358 net formal jobs in August, data from the Labor Ministry showed on Monday, below the 160,000 expected by economists in a Reuters poll.The data accounts for 2,239,895 jobs opened and 2,092,537 closed during the period, the ministry sai...Reuters
Mon, Sep 29
