Fed’s Warsh sees US economic tailwinds, mum on rate-path view
Federal Reserve Chairman Kevin Warsh voiced optimism on Friday about US economic strength and surprise about how well global economies have been “hanging in there” amid recent geopolitical shocks, despite tighter monetary policy to fight inflation. (The Edge Malaysia)
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US producer prices post largest increase in 4-1/2 years in September
US producer prices increased by the most in 4-1/2 years in September amid rising costs for goods and services, the latest indication of inflation broadening out beyond energy products. (The Edge Malaysia)
US small-business optimism falls on dimmer economic outlook
US small-business optimism fell to a three-month low in September as economic expectations dimmed and a smaller share of firms indicated it was a good time to expand. (The Edge Malaysia)
US mortgage bond funds suffer one of worst outflows since 2021
Investors fled US mortgage bond funds at historic levels over the past three weeks, with outflows ranking among the seven worst since the start of 2021, as surging interest rates spur a flight from volatility. (The Edge Malaysia)
US weekly jobless claims fall as layoffs remain low
The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued labour market stability despite job growth slowing sharply in September. (The Edge Malaysia)
US yields fall from 2002 high as oil dips, Bessent vows on debt
US bond yields fell from their highest levels since 2002 as oil prices retreated below USD100 a barrel and Treasury Secretary Scott Bessent insisted the government’s debt load can be tamed. (Bloomberg)
US services sector activity slows in September as price pressures mount
US services sector activity slowed in September, with strong domestic demand stretching supply chains and raising prices paid by businesses for inputs, indicating that inflation could remain high into next year. (The Edge Malaysia)
US job growth slows sharply in September; unemployment rate rises to 4.2%.
US job growth slowed more than expected in September, but that likely does not signal a material shift in the labour market, with the weakness likely related to a calendar quirk. (The Edge Malaysia)