News
Important Only
Fed's Goolsbee is getting concerned about inflation risks
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Wednesday that although he supports further moves to lower interest rates, he is getting concerned about ongoing inflation pressures, specifically claims about a "one time" inflation bump from tariffs.Fxstreet
Wed, Oct 1
Fitch says US shutdown unlikely to affect sovereign ratings; S&P sees marginal GDP hit
By Manya Saini Oct 1 (Reuters) - Fitch said on Wednesday it does not expect the ongoing U.S. government shutdown to affect the country's sovereign ratings in the near term, adding that any impact on economic growth would depend on its scope and duration.The U.S. government shut down much of i...Reuters
Wed, Oct 1
RPT-Bank of Canada expects to release baseline projections for economy, inflation in October - minutes of meeting
Oct 1 (Reuters) - The Bank of Canada expects to release baseline projections for the economy and inflation with its monetary policy report in October, its summary of deliberations released on Wednesday showed.The central bank had stopped giving definitive estimates for Canada's economy from the ...Reuters
Wed, Oct 1
US government shutdowns raise uncertainty but rarely have lasting effect on economy
Fed's October rate decision complicated by data gapsPrivate payrolls data shows job cuts, raising concernsConsumer spending often resilient during shutdowns Oct 1 (Reuters) - The U.S. government shutdown has thrown the brakes on the flow of federal economic data at a moment of uncertainty and...Reuters
Wed, Oct 1
US auto sales keep motoring higher despite uncertainty
GM, Ford, Toyota report strong Q3 sales gainsEnd of the EV tax credit spurred temporary EV sales surgeAverage new vehicle price rose to $45,795 in SeptemberBy Nathan Gomes and Nora Eckert Oct 1 (Reuters) - U.S. auto sales are expected to rise about 6% for the third quarter, as Americans continue ...Reuters
Wed, Oct 1
What to Watch in the Day Ahead - Thursday, October 2
On the U.S. economic front, the Labor Department will release weekly jobless claims data, with initial claims likely to rise to 223,000 from 218,000 for the week ended September 27. Continuing claims are likely to rise 1.932 million in the same week, compared to an increase of 1.926 million prior. S...Reuters
Wed, Oct 1
White House says it will announce new BLS nominee soon
WASHINGTON, Oct 1 (Reuters) - U.S. President Donald Trump's administration will soon announce another nominee to lead the Bureau of Labor Statistics, the White House said on Wednesday, one day after withdrawing the nomination of conservative economist E.J. Antoni."E.J. Antoni remains a great...Reuters
Wed, Oct 1
US government shutdown unlikely to affect sovereign ratings in near term, Fitch says
By Manya Saini Oct 1 (Reuters) - Fitch said on Wednesday it does not expect the ongoing U.S. government shutdown to affect the country's sovereign ratings in the near term, adding that any impact on economic growth would depend on its scope and duration.The U.S. government shut down much of i...Reuters
Wed, Oct 1
BoC Meeting Minutes show policymakers continue to see difficulties from US trade
The Bank of Canada's (BoC) Meeting Minutes from its latest interest rate decision showed that policymakers at the Canadian central bank continue to grapple with downstream challenges from whiplash policy attacks from the Trump administration.Fxstreet
Wed, Oct 1
WRAPUP 2-Tariffs weigh on US manufacturing in September; hiring remains subdued
ISM manufacturing PMI rises, still in contraction territoryPrivate payrolls contract for second straight monthFederal Reserve may cut rates again to support labor marketBy Lucia Mutikani WASHINGTON, Oct 1 (Reuters) - U.S. manufacturing activity edged up in September, though new orders and employm...Reuters
Wed, Oct 1
Euro zone yields dip, tracking Treasury, after US shutdown, jobs data
U.S. government shutdown in focusEuro zone inflation accelerates, reinforcing ECB rates on holdGermany’s 10-year Bund yields slightly lowerTreasury 10-year yields fall, US private jobs data also weighsBy Joice Alves and Stefano Rebaudo Oct 1 (Reuters) - Euro zone government bond yields edged lowe...Reuters
Wed, Oct 1
Tesla's new car sales in Italy down 25.6% in September
ROME, Oct 1 (Reuters) - Tesla's TSLA.O new car registrations in Italy fell for a fifth month in a row in September, posting a 25.6% year-on-year drop, data from the Italian transport ministry showed on Wednesday.The U.S. electric vehicles maker sold 1,450 cars in Italy last month, accounting for...Reuters
Wed, Oct 1
EXCLUSIVE-Russia's western port oil exports up 25% after drone attacks
MOSCOW, Oct 1 (Reuters) - Russia boosted oil exports via its western ports by 25% in September versus August, according to three trading sources, as refinery outages caused by Ukrainian drone attacks freed up more crude.September exports via the western ports of Primorsk, Ust-Luga and Novorossiisk r...Reuters
Wed, Oct 1
Remittances to Mexico dip 8% in August
MEXICO CITY, Oct 1 (Reuters) - Remittances to Mexico came down 8.3% year-over-year in August, the nation's central bank said on Wednesday, totaling $5.58 billion.The total number of remittances in the month slid 7.2%, while the average value of each payment sent ticked down 1.2%, the central ban...Reuters
Wed, Oct 1
