News
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NY Fed finds rising worry about state of job market in September
Expected inflation one and five years from now rises in SeptemberHouseholds view current finances favorably, but future outlook downgradedFed faces challenge balancing inflation control with job market supportBy Michael S. Derby NEW YORK, Oct 7 (Reuters) - Americans grew more worried about the fu...Reuters
Tue, Oct 7
Fed's Kashkari says he's skeptical AI is replacing workers, but it may push up rates
Kashkari sees AI investment driving borrowing costs higherKashkari supports gradual Fed rate cuts, says drastic cuts would spark inflation'Grand declarations' about AI replacing workers may not pan out, Kashkari suggestsBy Ann SaphirOct 7 (Reuters) - Federal Reserve Bank of Minneapolis Presi...Reuters
Tue, Oct 7
Fed's Miran says calm bond market shows support for rate cuts
NEW YORK, Oct 7 (Reuters) - Federal Reserve Governor Stephen Miran on Tuesday said that the U.S. bond market’s current relative calm supports a swift push to lower interest rates. Given that market signals in reaction to Fed policy changes can carry valuable feedback in the wake of a policy...Reuters
Tue, Oct 7
Expansionary Irish budget targets business over tax cuts for workers
VAT rate cut for hospitality, apartment buildingNo room for income tax cuts, one-off supports endedR&D tax credit rate increased to 35% from 30%By Padraic Halpin and Graham Fahy DUBLIN, Oct 7 (Reuters) - Ireland focused on cutting business taxes, incentivising foreign investment and improving...Reuters
Tue, Oct 7
EXCLUSIVE-Mercuria, Partners Group pledge US energy investments to help lower Swiss tariffs
Switzerland stunned by 39% US tariffs in AugustSwiss officials working with business to get better tariff dealSwiss firms targeting $6-7 billion in US energy investment, sources sayBy Dave Graham and Dmitry Zhdannikov ZURICH, Oct 7 (Reuters) - A group of Swiss companies including energy trader Me...Reuters
Tue, Oct 7
Fed's Kashkari says he's skeptical AI is replacing workers
Oct 7 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday said that he is skeptical of the "grand declarations" by companies that can use artificial intelligence to rapidly replace workers, noting that previous technological developments took a long time to wor...Reuters
Tue, Oct 7
Fed's Miran insists neutral rate is far below current rates
Federal Reserve (Fed) Board of Governors member Stephen Miran made another long-winded appearance on Tuesday, reiterating that he believes any underlying inflation pressures within the US economy are entirely contained within migrant population effects, and will be solved mainly by immigration contrFxstreet
Tue, Oct 7
US government shutdown will delay Social Security 2026 COLA announcement
WASHINGTON, Oct 7 (Reuters) - Millions of U.S. retirees and other Social Security recipients will have to wait for a while to learn how big their checks will be in 2026 as the ongoing partial government shutdown is set to delay the release of September's consumer inflation data.The Social Se...Reuters
Tue, Oct 7
World Bank warns US tariffs on Indian exports to partly slow South Asia growth next year
NEW DELHI, Oct 7 (Reuters) - The World Bank said on Tuesday higher tariffs on Indian goods exported to the U.S. would be a drag on South Asia's economic growth rate in 2026, even as it remains shielded in the current year by government spending.The World Bank said growth in South Asia was expect...Reuters
Tue, Oct 7
Fed's Miran says calm bond market shows support for rate cuts
NEW YORK, Oct 7 (Reuters) - Federal Reserve Governor Stephen Miran on Tuesday said that the bond market’s current relative calm as measured by long-term interest rates supports a push to lower interest rates aggressively.Given that market signals in reaction to Fed policy changes can carry valuable ...Reuters
Tue, Oct 7
NY Fed finds rising worry about state of job market in September
Expected inflation one and five years from now rises in SeptemberHouseholds view current finances favorably, but future outlook downgradedFed faces challenge balancing inflation control with job market supportBy Michael S. Derby NEW YORK, Oct 7 (Reuters) - Americans grew more worried about the fu...Reuters
Tue, Oct 7
Canada's August trade deficit widens more than forecast as exports drop
August merchandise trade deficit widened to C$6.32 billionTotal exports dropped by 3% while imports increased 0.9%Trade surplus with the U.S. falls to C$6.43 bln in AugBy Promit Mukherjee OTTAWA, Oct 7 (Reuters) - Canada's merchandise trade deficit widened in August to C$6.32 billion ($4.53 b...Reuters
Tue, Oct 7
Canada's Ivey PMI rises to 15-month high in September
TORONTO, Oct 7 (Reuters) - Canadian economic activity expanded at its fastest pace in 15 months in September as a measure of employment rebounded, Ivey Purchasing Managers Index (PMI) data showed on Tuesday.The seasonally adjusted index rose to 59.8 last month from 50.1 in August, marking its highes...Reuters
Tue, Oct 7
WTO downgrades global trade growth forecast to 0.5% for next year
2026 outlook 'concerning' but system is resilient, says WTO head2025 trade growth boosted by front-loading of goods to avoid tariffs Trade in AI-related goods this year also driving growthBy Olivia Le Poidevin GENEVA, Oct 7 (Reuters) - The World Trade Organization sharply lowered its 2026...Reuters
Tue, Oct 7
TREASURIES-US yields nudge lower as markets await Fed speakers
Miran, Bowman among Tuesday's Fed speakers Three-year notes due to be auctionedShutdown day seven means no data resumption yet WASHINGTON, Oct 7 (Reuters) - Benchmark U.S. yields were edging lower on Tuesday morning as investors awaited an auction of three-year notes and a series of speeches ...Reuters
Tue, Oct 7
