News
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Tunisia seeks new direct financing to the treasury of $3.7 billion from central bank
By Tarek AmaraTUNIS, Oct 15 (Reuters) - The Tunisian government will request again in 2026 exceptional direct funding from the central bank up to $3.7 billion, the budget bill seen by Reuters showed on Wednesday, in a move aimed at filling the fiscal deficit, given the scarcity of external financing...Reuters
Wed, Oct 15
Argentina hopes to finalize US $20 billion swap line before midterm vote
By Sarah MorlandOct 15 (Reuters) - Argentina's Economy Minister Luis Caputo said he hopes to "very soon" execute a framework that will contain the terms of a $20 billion currency swap the U.S. recently agreed with Argentina's central bank, ideally before this month's midterm elec...Reuters
Wed, Oct 15
US economic activity little changed, employment stable in recent weeks, Fed says
Beige Book shows businesses reducing headcountEconomic activity varied by district, unchanged overallReport comes two weeks ahead of next Fed policy meetingBy Ann Saphir Oct 15 (Reuters) - U.S. economic activity was little changed and employment was largely stable in recent weeks, the Federal Res...Reuters
Wed, Oct 15
US retail sales likely rose in September; higher-income consumers drive growth
Retail sales excluding autos rose 0.5% in September, Chicago Fed estimatesHigher-income households drive sales growth amid economic uncertaintyMiddle- and lower-income consumers face financial strain, seek discountsBy Lucia Mutikani WASHINGTON, Oct 15 (Reuters) - U.S. retail sales excluding motor...Reuters
Wed, Oct 15
What to Watch in the Day Ahead - Thursday, October 16
A raft of Federal Reserve officials are scheduled to speak at various events. Federal Reserve Vice Chair for Supervision Michelle Bowman will speak virtually before the 2025 Federal Reserve Stress Testing Research Conference hosted by the Federal Reserve Bank of Boston (1000/1400). Separately, Fed B...Reuters
Wed, Oct 15
US economic activity little changed, employment stable in recent weeks, Fed says
Beige Book shows businesses reducing headcountEconomic activity varied by district, unchanged overallReport comes two weeks ahead of next Fed policy meetingOct 15 (Reuters) - U.S. economic activity was little changed and employment was largely stable in recent weeks even as more businesses reported ...Reuters
Wed, Oct 15
US-China tensions pose potentially material risk to growth outlook, Fed's Miran says
WASHINGTON, Oct 15 (Reuters) - Renewed U.S.-China trade tensions pose a "material" downside risk to the economic outlook, making it more important that the U.S. central bank cut its benchmark interest rate, Federal Reserve Governor Stephen Miran said on Wednesday."We have to recognize th...Reuters
Wed, Oct 15
Miran: If housing inflation does not ease would reevaluate policy views
WASHINGTON, Oct 15 (Reuters) - U.S. Federal Reserve Governor Stephen Miran said on Wednesday that if housing inflation does not slow as he expects he'd reevaluate his views about the need for fast and deep central bank rate cuts."We are due for a significant amount of disinflation from the h...Reuters
Wed, Oct 15
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
