Japan’s Tankan Shows Eight-Year High in Manufacturer Confidence
Japan’s September Tankan showed manufacturer confidence at an eight-year high, while large non-manufacturer sentiment weakened and inflation expectations remained elevated.
September Housing Data Show Record Price Cuts as Mortgage Rates Top 7%
Realtor.com reported that 20.8% of U.S. listings had price cuts in September as active inventory rose and contract signings declined.
Fed Inspector General Finds No Misconduct but Faults $2.4 Billion Renovation Oversight
The Federal Reserve inspector general found no criminal grounds or administrative misconduct, but identified major cost-control and governance failures in a $2.381 billion renovation.
S&P 500 and Dow Fall as Nasdaq Rises at September 30 Close
The S&P 500 and Dow fell while the Nasdaq rose on September 30 as investors weighed softer inflation, stronger revised growth and elevated Treasury yields.
Bipartisan Senate Permitting Bill Would Make Data Centers Pay Grid Costs
Four senior senators introduced a bipartisan permitting bill that would speed energy-project reviews and require data centers to cover associated transmission costs.
Dallas Fed Survey Shows Oil and Gas Output Rising as Price Uncertainty Grows
The Dallas Fed’s third-quarter Energy Survey found rising oil and gas production alongside wider uncertainty about prices and investment planning.
U.S. Goods Trade Deficit Widens to $132.6 Billion in August
The U.S. advance goods-trade deficit widened 11.5% to $132.6 billion in August as imports increased faster than exports, Census Bureau data show.
U.S. Second-Quarter GDP Growth Revised Up to 2.2%
BEA raised its third estimate of second-quarter real GDP growth to a 2.2% annual rate from 1.5%, citing revised investment, consumer and government spending.
August PCE Inflation Was 3.4% as U.S. Consumer Spending Rose
BEA’s September 30 release puts August PCE inflation at 3.4% over 12 months and consumer spending up 0.9% from July, with broad revisions to prior data.