US News
LAST UPDATE: October 11, 2025
White House says ‘substantial’ shutdown layoffs have begun
The White House announced that significant layoffs of federal employees have begun due to the prolonged government shutdown.
Insight
The layoffs escalate the political standoff, increasing pressure on both Congress and the administration.
BLS to Publish September CPI Report on Oct. 24 Despite Shutdown
The Bureau of Labor Statistics confirmed that it will release the September CPI data on October 24 despite the ongoing government shutdown.
Insight
Keeping the CPI release on schedule helps stabilize market expectations and policy planning.
Waller Says Job Market Biggest Concern, Payrolls Likely Negative
Fed Governor Waller warned that job growth has likely been negative over recent months and said the labor market is his top concern.
Insight
His remarks underscore increasing fears that labor weakness may necessitate more aggressive monetary easing.
Waller says interview for Fed chair went ‘great’, not political
Waller said his interview to become Fed Chair was “great” and emphasized it was a technical, economics-based discussion rather than political.
Insight
He is positioning himself as a credible, non-partisan candidate for the Fed chair role.
Fed’s Musalem says he is open minded on another rate cut, but tread with caution
St. Louis Fed President Musalem said he is open to another rate cut to support the weakening labor market, but warned the Fed should act cautiously given elevated inflation.
Insight
His stance suggests internal Fed debate: more easing is possible, but risks remain on inflation.
US Consumer Sentiment Remains Subdued on Job, Price Concerns
The University of Michigan’s preliminary October index showed consumer sentiment held near recent lows, with Americans wary of stagnant jobs and high prices.
Insight
Persistent weakness in consumer confidence may dampen spending and growth prospects.
