News
Important Only
Fed should be cautious about further rate cuts, Logan says
Oct 3 (Reuters) - Dallas Federal Reserve Bank President Lorie Logan on Friday repeated her view that upside inflation risks, a labor market that is largely in balance and policy that is currently only modestly restrictive means the central bank should not go ahead with further interest-rate cuts. &#...Reuters
Fri, Oct 3
US crude exports rise to 1.5-year high strong Asian demand, US refinery maintenance
US crude exports hit 4.2 million bpd in SeptemberSouth Korea and India increase US crude purchasesChina to resume US crude imports as tensions easeBy Arathy Somasekhar HOUSTON, Sept 29 (Reuters) - Exports of U.S. crude oil climbed to the highest level in over a year and a half in September, ship ...Reuters
Fri, Oct 3
Fed's Jefferson repeats job market could face stress without support
By Howard Schneider PHILADELPHIA, Oct 3 (Reuters) - U.S. Federal Reserve Vice Chair Philip Jefferson reiterated on Friday that the U.S. job market could face stress if it is not supported by monetary policy.In remarks prepared for delivery at Drexel University's LeBow College of Business, Jef...Reuters
Fri, Oct 3
Ireland hikes corporate tax forecast on stalled global tax deal
Anticipated hit from global corporate tax reforms delayedTax revenues 1.1% ahead of forecast by third quarterNo room for income tax cuts in budget, minister saysDUBLIN, Oct 3 (Reuters) - Ireland expects to collect 34 billion euros in corporate tax next year, up substantially from the 28 billion euro...Reuters
Fri, Oct 3
WRAPUP 1-US services sector growth brakes; prices paid measure edges higher
Services sector activity flatlines in SeptemberLabor market stagnates amid tariff uncertainty and AI riseFed may cut rates despite inflation concernsBy Lucia Mutikani WASHINGTON, Oct 3 (Reuters) - U.S. services sector activity stalled in September amid a sharp slowdown in new orders, while subdue...Reuters
Fri, Oct 3
WRAPUP 1-Fed's Miran wants aggressive rate cuts but downplays differences with other officials
Miran advocates for aggressive rate cuts due to economic changesFed officials divided on rate cuts amid inflation concernsMiran's stance contrasts with broader Fed policy approachBy Michael S. Derby Oct 3 (Reuters) - Federal Reserve Governor Stephen Miran on Friday again pressed for an aggres...Reuters
Fri, Oct 3
European bond yields seek direction amid dearth of US data
By Joice Alves LONDON, Oct 3 (Reuters) - Euro zone bond yields were little changed on Friday amid a dearth of U.S. economic data due to the Washington government shutdown which delayed the release of the key monthly U.S. payrolls report.The shutdown, the 15th since 1981, left markets in the dark ...Reuters
Fri, Oct 3
TREASURIES-US yields drift higher as shutdown postpones key jobs report
Government shutdown delays key labor data releaseISM data adds evidence of sluggish labor marketFed officials show diverse views on interest rate pathBy Davide Barbuscia NEW YORK, Oct 3 (Reuters) - U.S. Treasury yields were marginally higher in thin trading on Friday, as the postponement of key l...Reuters
Fri, Oct 3
Europe must resist temptation of easing bank regulation, policymakers say
Lagarde wants tougher rules for non banksBailey warns of risk of rolling back rulesSchnabel points to stablecoin risk By Balazs KoranyiAMSTERDAM, Oct 3 (Reuters) - Europe should avoid the temptation of easing bank regulation and should instead tighten rules for parts of the financial sector now enjo...Reuters
Fri, Oct 3
Hotel prices make countries to consider skipping COP30 climate summit
Location aims to draw attention to the importance of rainforestUp to 45,000 delegates expected, Belem usually has 18,000 roomsSmall island states say reduced delegations would be less effectiveBy Kate Abnett BRUSSELS, Oct 3 (Reuters) - Dozens of countries have yet to secure accommodation at next ...Reuters
Fri, Oct 3
BofA Global Research moves Fed rate cut forecast to October from December
Oct 3 (Reuters) - Bank of America Global Research on Friday pulled forward its forecast for the next Federal Reserve interest rate cut to October from December, citing signs of a softening labor market.It remains the only major Wall Street brokerage forecasting just one more 25-basis-point rate cut ...Reuters
Fri, Oct 3
National industrial policies can be effective, but they carry risks, IMF says
IMF looked at data from Brazil, South Korea, China and EUStructural reforms should accompany industrial policy, IMF saysSuch policies can be costly to governments, drive up consumer prices, it saysBy Andrea ShalalWASHINGTON, Oct 3 (Reuters) - More countries are seeking to reshape their economies usi...Reuters
Fri, Oct 3
US services sector stalls as new orders slow to a crawl, employment weak
US services sector flatlines in SeptemberServices employment index contracts for fourth straight monthBy Lucia Mutikani WASHINGTON, Oct 3 (Reuters) - U.S. services sector activity stalled in September amid a sharp slowdown in new orders, while subdued employment added to mounting evidence of slug...Reuters
Fri, Oct 3
Fed's Goolsbee a 'little wary' of front-loading too many rate cuts -CNBC
Goolsbee cautious on rate cuts amid persistent services inflationFed cut rates last month, markets expect two more reductionsGovernment shutdown halts key economic data reportsBy Dan BurnsOct 3 (Reuters) - Chicago Federal Reserve President Austan Goolsbee on Friday said he was hesitant to commit to ...Reuters
Fri, Oct 3
