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Inflation Alert! Bank of Korea Pivots Back to Outsized Hike (up half-percentage point to a 10-year high of 3%) as Won Struggles and warned of slower growth to come.

Inflation Alert! Bank of Korea Pivots Back to Outsized Hike (up half-percentage point to a 10-year high of 3%) as Won Struggles and warned of slower growth to come as it sought to shore up a currency that has been driven to crisis-era lows by the Federal Reserve’s aggressive

U.S. NFIB Small Business Optimism Alert! The Small Business Optimism Index rose 0.3 points in September to 92.1, making the ninth consecutive month below the 48-year average of 98.

U.S. NFIB Small Business Optimism Alert! The Small Business Optimism Index rose 0.3 points in September to 92.1, making the ninth consecutive month below the 48-year average of 98. Thirty percent of owners reported that inflation was their single most important problem in operating their business. Source

Federal Reserve Alert! Vice Chair Lael Brainard: 'Strong wage growth along with high rental and housing costs mean that inflation from core services is expected to ease only slowly from currently elevated levels.'

Federal Reserve Alert! Vice Chair Lael Brainard: 'Strong wage growth along with high rental and housing costs mean that inflation from core services is expected to ease only slowly from currently elevated levels. Monetary policy will be restrictive for some time to ensure that inflation moves back' Source:

Federal Reserve Alert! Speech by Fed Governor Charles L. Evans: 'After more than a decade of missing our average 2 percent target to the downside, PCE inflation has risen quite quickly—from under 1 percent in mid-2020 to 6.2 percent in August

Source: https://www.chicagofed.org/publications/speeches/2022/october-10-nabe-annual-meeting More from Evans speech: Reducing inflation to a level consistent with the Fed’s 2 percent objective will require a period of restrictive financial conditions to restore better balance between supply and demand economy-wide. This will generate below-trend growth and some

U.S. Economic Calendar Alert! This Week's Major U.S. Economic Reports & Fed Speakers.

Monday, Oct. 10 Report/Speech Superstonk Coverage: Chicago Fed President Charles Evans speaks at NABE speech_by_fed_governor Fed Vice Chair Lael Brainard speaks at NABE vice_chair_lael_brainard TUESDAY, OCT. 11 Report/Speech Period Previous Actual Superstonk Coverage: NFIB small-business index Sept. 91.8 92.1 nfib_

FICC-GOV,FICC-MBS Alert! GSD Rules & MBSD Rules to clarify that a Settling Bank & a Cash Settling Bank, respectively, may not refuse to settle for itself. The Member shall remain obligated to pay such Cash Settlement amount by the payment deadline

Source Settlement by Settling Banks and Cash Settling Banks Lastly, FICC is proposing to revise GSD Rule 13, Section 5(b) (Funds-Only Settlement Amount Payment Process) and MBSD Rule 11, Section 9(b) (Cash Settlement) to clarify that a Settling Bank and a Cash Settling Bank, respectively, may not refuse

Federal Reserve Alert! From this weeks Fed balance sheet, 'Primary Credit' (the principal safety valve for ensuring adequate liquidity in the banking system) jumped over $7 billion this week.

Federal Reserve Alert! From this weeks Fed balance sheet, 'Primary Credit' (the principal safety valve for ensuring adequate liquidity in the banking system) jumped over $7 billion this week. This is a change of 16.09% from last week and 1.14K% from one year ago. Good evening