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Fed's Waller says he expects AI-related job losses
Oct 15 (Reuters) - Federal Reserve Governor Christopher Waller on Wednesday said he expects artificial intelligence to be more disruptive for the labor market than past technological innovations."AI seems to be moving so fast that we'll see the job losses before we really see the new jobs,&#...Reuters
Wed, Oct 15
REFILE-US law school applicants increase 33%, boosting competition
By Karen Sloan Oct 15 (Reuters) - The 2026 law school admissions cycle just began and it’s already looking like yet another highly competitive year.The current pool of applicants to American Bar Association-accredited law schools is 33% larger than it was this time last year, according to newly r...Reuters
Wed, Oct 15
Fed’s Miran: Current fed policy is more restrictive than people think because the neutral rate has fallen
Federal Reserve Governor Stephen Miran spoke at the Nomura Research Forum in Washington, DC. He stated that AI investment could lead to a higher neutral interest rate, and that recent policy changes, including immigration, have resulted in rapid shifts in the neutral rate.Fxstreet
Wed, Oct 15
Bessent says Fed should use large-scale asset purchases sparingly
WASHINGTON, Oct 15 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said the Federal Reserve should use large-scale asset purchases sparingly, but he is not advocating that the Federal Reserve shift away from its current approach for managing its benchmark interest rate.Bessent, speaki...Reuters
Wed, Oct 15
Bessent says South Korea investment issues can be resolved within 10 days
WASHINGTON, Oct 15 (Reuters) - U.S. Treasury Secretary Scott Bessent said that discussions with South Korea are underway to resolve disagreements over implementing the country's $350 billion U.S. investment pledge and that he expects an outcome within the next 10 days.Asked if he supported Seoul...Reuters
Wed, Oct 15
Walmart US CEO says shoppers still spending at a healthy rate, Bloomberg News reports
Oct 15 (Reuters) - Walmart's WMT.N U.S. head said shoppers were spending at a healthy rate and were resilient despite economic uncertainty and inflationary prices due to President Donald Trump's tariffs, Bloomberg News reported on Wednesday."We see (a) resilient customer that makes reall...Reuters
Wed, Oct 15
Ukraine discusses new four-year lending program with IMF chief, PM says
KYIV, Oct 15 (Reuters) - Ukraine's Prime Minister Yulia Svyrydenko said on Wednesday that she discussed a new four-year lending program for the country with the International Monetary Fund's chief, Kristalina Georgieva. Ukraine has a four-year $15.5 billion program with the Fund, one of the...Reuters
Wed, Oct 15
Bank of Mexico's Heath calls for interest rate caution on inflation concerns
MEXICO CITY, Oct 15 (Reuters) - The Bank of Mexico should be more cautious cutting interest rates given the current scenario of sticky core inflation and headline inflation still above target, deputy governor Jonathan Heath said in an interview published on Wednesday. The central bank has ...Reuters
Wed, Oct 15
TREASURIES-Longer-dated US yields dip amid trade concerns
Fed officials suggest potential rate cuts amid economic uncertaintyEmpire State index rises more than expectedMiran sees two more rate cuts this yearBy Chuck Mikolajczak NEW YORK, Oct 15 (Reuters) - Longer-dated U.S. Treasury yields were lower on Wednesday, as the latest comments from U.S. offici...Reuters
Wed, Oct 15
IMF says UK should not scrap twice-yearly economic forecasts
IMF says UK should scale back, not scrap, twice yearly forecastsUK publishes two forecasts a year for growth, public financesBudget shortfall forced hasty corrective action in MarchFinance minister says she is looking at tax, spending measures By David Milliken WASHINGTON, Oct 15 (Reuters) - Brit...Reuters
Wed, Oct 15
German economy expected to grow in Q4, economic indicator shows
BERLIN, Oct 15 (Reuters) - The German economy will grow slightly in the final quarter of 2025, according to an indicator of the Macroeconomic Policy Institute (IMK) at the Hans Boeckler Foundation seen by Reuters on Wednesday. The indicator - which aggregates the latest available data on key economi...Reuters
Wed, Oct 15
Fed's Miran says renewed U.S.-China trade tensions pose new risk to growth outlook - CNBC
WASHINGTON, Oct 15 (Reuters) - The renewed trade tensions between the U.S. and China pose new downside risks to the economic outlook, giving more urgency to the Federal Reserve's need to cut its benchmark interest rate, Federal Reserve Governor Stephen Miran said on Wednesday."We have to rec...Reuters
Wed, Oct 15
Fed’s Miran: The economy is more vulnerable to shocks because policy is restrictive
Federal Reserve Governor Stephen Miran spoke at a televised interview on CNBC on Wednesday. He said that there is now more downside risk than there was a week ago, and that with the shift in the balance of risk, it is more urgent to move towards a more neutral policy.Fxstreet
Wed, Oct 15
Brazil retail sales rebound in August after four straight declines
SAO PAULO, Oct 15 (Reuters) - Retail sales volumes in Brazil rose 0.2% in August from July, data from government statistics agency IBGE showed on Wednesday. The result was in line with analysts' expectations and broke a streak of four consecutive monthly declines, despite the backdrop of ti...Reuters
Wed, Oct 15
Bank of Mexico's Heath cautious about rate cuts due to inflation concerns
MEXICO CITY, Oct 15 (Reuters) - Mexican central bank deputy governor Jonathan Heath advocated for the institution to hold a more cautious position when it comes to cutting the benchmark interest rate because of inflation concerns, he said in an interview published Wednesday. Heath was the only membe...Reuters
Wed, Oct 15
IMF says UK government should keep twice-yearly economic forecasts
WASHINGTON, Oct 15 (Reuters) - Britain's government should continue to ask its Office for Budget Responsibility to produce twice-yearly economic forecasts but only assess compliance against budget rules once a year, the International Monetary Fund said on Wednesday.The OBR currently produces twi...Reuters
Wed, Oct 15
US retail sales excluding autos likely increased again in September, Chicago Fed says
WASHINGTON, Oct 15 (Reuters) - U.S. retail sales excluding motor vehicles and parts likely posted further gains in September, data from the Chicago Federal Reserve showed on Wednesday, though part of the rise probably reflected higher prices.The Chicago Fed Advance Retail Trade Summary estimated tha...Reuters
Wed, Oct 15
US deficit-to-GDP ratio has room to come down, Bessent says
Oct 15 (Reuters) - The U.S. deficit-to-gross domestic product ratio has room to come down to the 3% range, Treasury Secretary Scott Bessent said on Wednesday."The deficit-to-GDP, which is the important number, now has a five in front of it," Bessent said at a CNBC event held on the sidelines...Reuters
Wed, Oct 15
