Federal Reserve System

Global Equity Funds Draw $34.76B Amid AI Demand

Investors poured money into U.S. and global equity funds as AI optimism and softer-than-expected U.S. inflation helped offset rising Treasury yields; U.S. equity funds drew $20.6 billion and global funds $34.76 billion in the week through September 30. Technology funds nonetheless saw outflows, while the J.P. Morgan Nasdaq Equity Premium Income ETF attracted about $756 million over five days.

U.S. Adds 29,000 Jobs as Labor Market Cools

Dollar Hits 17-Month High as Bond Rout Weighs on Euro

The dollar rose to a 17-month high and was on track for a third straight weekly gain as a global bond selloff and inflation concerns lifted yields. The euro remained near a 17-month low amid worries about France’s finances, while investors awaited U.S. jobs data for clues on the Federal Reserve’s rate outlook.

South Korea Inflation Slows to 2.9% in September

South Korea’s consumer inflation eased to 2.9% in September, with falling agricultural prices offset by sharply higher fuel costs. In the U.S., August inflation also came in below expectations at 3.4% year over year, while consumer spending remained strong; inflation was still above the Federal Reserve’s 2% target.

Fed Minutes and Earnings Reports Set Tone for Busy Week Ahead

Investors are watching next week’s central-bank signals and economic data, including Fed commentary and minutes, services PMIs, and U.S. jobless claims, for clues about interest-rate prospects. Corporate results from Tesco, PepsiCo and others will also be in focus, while the Australian dollar’s recent uptrend faces a test around key resistance and support levels.

Rising Yields, Midterms Test US Stocks’ Strength

U.S. stocks enter a historically strong fourth quarter after solid gains, but rising bond yields, heavy reliance on AI spending, midterm-election uncertainty and upcoming earnings and Federal Reserve decisions could test the rally.

Goldman Sachs Shifts Fed Rate Hike Outlook to December

Goldman Sachs pushed its forecast for the Federal Reserve’s next rate hike from October to December after softer-than-expected August inflation and cautious comments from New York Fed President John Williams. The bank says the Fed may not raise rates again, though other economists note inflation remains elevated and resilient economic data could still support further tightening.

Asian Shares Fall, Treasury Yields Hit 2002 High

Asian stocks fell or were poised to decline as investors weighed volatile bond markets and awaited U.S. jobs data, while rising oil prices tied to renewed Gulf tensions heightened inflation concerns. Treasury yields retreated from recent highs, but uncertainty over wages, interest rates and energy prices kept markets on edge.

Fed Holds Rates Steady As Americans Continue To Be Crushed By High Interest Rates

The Federal Reserve announced on Wednesday that it would not change its benchmark federal funds rate despite recent changes in inflation and slow economic growth. The Fed’s decision not to change interest rates keeps…