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.
ADP Reports 90,000 U.S. Private Jobs Added in September
ADP’s September estimate showed 90,000 private-sector jobs added, up from a revised 36,000 in August. It is separate from the federal jobs report due Friday.
Bank of England Keeps Bank Buffer at 2% as AI and Debt Risks Rise
The Bank of England’s Financial Policy Committee maintained the U.K. countercyclical capital buffer at 2% while warning that AI, cyber and debt-market risks could crystallize.
Japan’s Factory Output Falls 1.7% in August, Missing Forecast
Japan’s industrial production fell 1.7% month over month in August, contrary to expectations for an increase and marking a second consecutive decline.
China’s Factory PMI Returns to Growth in September
China’s official manufacturing PMI rose to 50.1 in September from 49.8 in August, ending two months of contraction while smaller factories remained below the growth threshold.
AstraZeneca Agrees to Invest $2 Billion in Summit Cancer-Drug Developer
AstraZeneca announced a $2 billion equity investment in Summit Therapeutics and a clinical collaboration to test cancer-drug combinations.
U.S. Stocks Close Slightly Lower as Long-Term Treasury Yields Rise
Major U.S. stock indexes ended September 29 modestly lower while 10- and 30-year Treasury yields reached their highest intraday levels in decades.
U.S. and Mexico Close Labor Case at Akwel’s Ciudad Juárez Plant
The U.S. and Mexico said an Akwel automotive-parts plant completed a USMCA labor-remediation plan, triggering the resumption of customs liquidation.
CarMax Revenue Rises 19.5% in Fiscal Second Quarter as Unit Sales Grow
CarMax reported $7.88 billion in revenue and $165.3 million in net earnings for the quarter ended August 31, 2026, while announcing plans to resume share repurchases.
New York Fed’s Williams Says No Urgency After September Rate Increase
John Williams said policymakers can study incoming data after raising the federal-funds target range to 3.75%–4.00%, while leaving another 2026 increase possible.