MACRO & FED
Livemint
07 Oct 2026 · 10:46
Niranjan Rajadhyaksha: Governments can’t borrow endlessly—and the bill often gets publicly shared
Niranjan Rajadhyaksha Niranjan Rajadhyaksha is the executive director of Artha Global (India), a public policy consulting firm. He has previously been the research director of IDFC Institute and executive editor of Mint. He has …
Niranjan Rajadhyaksha
Niranjan Rajadhyaksha is the executive director of Artha Global (India), a public policy consulting firm. He has previously been the research director of IDFC Institute and executive editor of Mint. He has been writing on economics issues for more than 35 years. Niranjan has been awarded the Ramnath Goenka Award for excellence in journalism and the B.R. Shenoy Award for his contributions to Indian economics. He has been an advisor to academic institutions such as the Meghnad Desai Academy of Economics and think-tanks such as the Centre For Civil Society. He has a PhD in economics from Mumbai University. His main areas of interest are macroeconomics, political economy and economic history, and he draws material for his column from academic literature as well as popular culture, economic data as well as cricket scores, the past as well as the present. This approach comes from the belief that economics is the study of mankind in the ordinary business of life, as the English economist Alfred Marshall wrote more than a hundred years ago. Niranjan was a member of the advisory committee for the fifth volume of the official history of the Reserve Bank of India. He is currently writing a book on the history of Indian economic policy.
MACRO & FED
Biztoc.com
07 Oct 2026 · 10:46
Euro dips further as French central bank chief warns the country risks being ‘strangled by interest rates’ – business live
Euro extends last week’s 1.2% drop amid French debt fears and political uncertainty in Europe Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The euro …
Euro extends last week’s 1.2% drop amid French debt fears and political uncertainty in Europe
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
The euro remains under pressure amid French debt fears an… Euro extends last weeks 1.2% drop amid French debt fears and political uncertainty in EuropeGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.…
MACRO & FED
The Times of India
07 Oct 2026 · 10:46
Global Market: Euro under pressure as France debt worries, Spain vote weigh
The euro hovered near a 17-month low at $1.1219 amid euro zone political uncertainty, high debt and French fiscal concerns. Meanwhile, the dollar strengthened as US Treasury yields climbed, with persistent inflation limiting expectations …
The euro hovered near a 17-month low at $1.1219 amid euro zone political uncertainty, high debt and French fiscal concerns. Meanwhile, the dollar strengthened as US Treasury yields climbed, with persistent inflation limiting expectations for monetary easing. … The euro hovered near a 17-month low on Tuesday as political uncertainty and fiscal concerns across the euro zone weighed on the common currency, while the dollar extended its rally on the back of el…
MACRO & FED
RTE
07 Oct 2026 · 10:46
Not seeing strong second-round inflation impacts - Lane
High euro zone energy costs have yet to generate second-round inflation effects, and the strength of such a pass-through is uncertain, European Central Bank chief economist Philip Lane told Italian news agency ANSA. "We …
High euro zone energy costs have yet to generate second-round inflation effects, and the strength of such a pass-through is uncertain, European Central Bank chief economist Philip Lane told Italian news agency ANSA.
"We have not seen so far very strong second-round effects. We continue to look at them," Professor Lane said in an interview published today.
"That's why, even though I am a promoter of the scenarios, it is too simplistic to say we're in the adverse scenario or the baseline scenario," he said.
"Energy prices are high but the strength of the pass-through to the rest of the economy remains uncertain," he added.
MACRO & FED
The Times of India
07 Oct 2026 · 10:46
Global Market: BOJ seen nearing 2% inflation target as markets eye December rate hike
The Bank of Japan may signal later this month that underlying inflation has reached its 2% target, strengthening expectations for a December rate hike. While policymakers remain cautious after recent increases, steady wages, rising …
The Bank of Japan may signal later this month that underlying inflation has reached its 2% target, strengthening expectations for a December rate hike. While policymakers remain cautious after recent increases, steady wages, rising prices and yen weakness cou… The Bank of Japan may signal later this month that underlying inflation has roughly reached its 2% target, strengthening expectations of another interest rate increase in December, a report by Reuter…
MACRO & FED
Hurriyet Daily News
07 Oct 2026 · 10:46
Inflation data bolsters expectations for October rate cut
Inflation data bolsters expectations for October rate cut ISTANBUL Türkiye’s cooler-than-anticipated September inflation has bolstered analysts’ confidence that the Central Bank will lower interest rates by 100 basis points at its Oct. 22 meeting. …
Inflation data bolsters expectations for October rate cut
ISTANBUL
Türkiye’s cooler-than-anticipated September inflation has bolstered analysts’ confidence that the Central Bank will lower interest rates by 100 basis points at its Oct. 22 meeting.
Annual consumer inflation slowed to 29.7 percent in September, falling below 30 percent for the first time since November 2021, while monthly inflation came in at 1.84 percent, undershooting market expectations.
İş Yatırım said food prices were the main driver behind the downside surprise in September inflation, with vegetable and fruit prices falling sharply during the month. The brokerage said the inflation reading strengthened expectations for a 100-basis-point rate cut at the Monetary Policy Committee meeting on Oct. 22. It expects annual inflation to ease to around 30 percent by the end of the year and sees the policy rate ending 2026 at approximately 35 percent.
According to Gedik Yatırım, the weaker-than-expected inflation reading strengthened expectations for a 100-basis-point rate cut at the Oct. 22 meeting. It forecasts year-end inflation at 30 percent and the policy rate at around 35 percent.
Akbank Economic Research said the improvement in inflation dynamics, despite ongoing cost pressures, had created some room for monetary easing. The bank expects a 100-basis-point rate cut as its base scenario for October, but said a 150-basis-point reduction could also be possible depending on market and pricing developments in the coming weeks. Akbank maintained its year-end inflation forecast at 30 percent and its policy rate forecast at 36 percent.
The bank nevertheless cautioned that additional fuel-price adjustments, cost pressures not yet fully reflected in consumer prices and higher global interest rates argue for a cautious approach regarding the pace and continuity of rate cuts.
ÜNLÜ & Co said the widening gap between the policy rate and inflation provided the Central Bank with room for around 200 basis points of easing, and it expects a 100-basis-point rate cut in October, provided there is no significant change in domestic or global conditions before the meeting.
The brokerage maintained its year-end inflation forecast in a range of 28 percent to 30 percent.
Şeker Yatırım said an October rate cut now appeared almost certain, although the size of the move would depend on developments in energy markets and the trajectory of October inflation reflected in leading indicators. The brokerage also said it believed supply-side shocks had been largely offset by the slowdown in demand
The reports broadly agreed that the latest inflation data strengthened the case for monetary easing, while differing in their assessments of how much room the Central Bank has for rate reductions in the coming months.
MACRO & FED
Common Dreams
07 Oct 2026 · 10:46
Inevitable: You Show Up
Apologies for invoking again the awful noise that never stops. But a month before mid-terms, a fascist feckless clown show run by the dumbest people ever churns on with lies, bribes, cruelty, crude racism; …
Apologies for invoking again the awful noise that never stops. But a month before mid-terms, a fascist feckless clown show run by the dumbest people ever churns on with lies, bribes, cruelty, crude racism; their flailing leader grows daily more perilous; and fiery patriots remind us we cannot grow weary. Oddly, we find solace in Lindsey Graham's 2016 prophesy to the GOP: "If we (choose) Trump, we will get destroyed, and we will deserve it." God: "And in the fullness of time...."
Because we are well and truly beyond the looking glass, an actual, NYTPitchbot-likeTimes headline just posited that "some conservatives are having second thoughts" about Trump - this, even as he continues obliterating every institution of democratic governance, bars press outlets, ignores court rulings, betrays allies, courts autocrats, spews profanities online and at rallies, turns the election into a reality show and the Oval Office into a bordello, and shovels over $1.8 billion into junk vanity projects as his approval plunges to 26% on the economy and his brain dissolves into mashed potatoes. "Second thoughts?"
Decades ago, Robert Reich warned an American economy moving increasingly overseas through the 1970s was creating a two-tired society of a few rich winners and too many left-behind Americans whose anger, resentment and historic racism could be easily manipulated by a savvy carnival barker hungry for power - especially with a right-wing SCOTUS willing to give him almost total immunity for his boundless crimes. The grim result: What Timothy Snyder calls unprecedented "superpower suicide," wherein a major country quickly crashes and burns due to incompetence at all the "basic instruments of state power."
Now, facing "the mid-term music," the GOP flounders through "a five-alarm fire," pulling out lies, bribes, denial. They "must WIN" by using "every tool" - vote early, absentee, in person, by mail (or ICE thugs). Rick Wilson: "Oh, NOW mail-in ballots AREN'T a scam? Sweaty Don is nervous." They hype a duplicitous White House App: "365 Days of Wins." Trump offers a stream of paltry bribes: $90 to 20 million seniors to offset higher Medicare costs he caused, $500 to a million "excess" Obamacare fees, $5,000 to every American adult if Republicans win, conjuring a shameless Oprah-like spectacle: "You get a car, and you get a car..."
The alleged master of the Art of the Deal grows cringey and desperate, as do his boasts. At a recent rally: "I know more about inflation, I know more about everything than anyone in this room, anybody anywhere in the world." Of his two-day "emotional support" debacle of a Texas convention, he claimed 107 million views compared to the NFL's 25 million; the reality was his 3.3 million vs. their 25 million views, with even Ken Paxton secretly complaining, "It dropped our numbers." One viral meme tells the tale: A sign with sky-high gas prices, an angry MAGA voter, and the text, "Turns out my truck doesn't run on liberal tears."
In 2015, Trump packed a rally in Mobile ALA with over 30,000 fans; last week, at a high school gym with mostly empty upper tiers, people began streaming out as he bragged the economy is "booming," with new plants "everywhere." Later, he stubbornly insisted, "There are no empty seats" and his rallies are "HOTTER than ever," so nothing to see here except mashed potatoes. "Just pretend I’m on the ballot," he pleaded, a loser's losing message amidst the debacles he's forged. In need of safe harbor, his itinerary in "a red-state October blitz" is almost entirely in deep-red states he once won by double digits: Texas, Oklahoma, Nebraska, Kansas.
In Ohio this weekend, he raved Democrats' "transgender for everybody" policies would “mutilize your children," he has "record-winning numbers," "Talafreako" (in Texas, not Ohio) is a "vaygan" who "eats a piece of lettuce all day long" but he's now "gone full on eating meat" to get elected so he goes to barbecues where he's "throwing up all the time." He rambled, ranted, cursed, flaunted "the utter disdain for the office he holds and the people hes supoosed to serve." NYTPitchbot: "Whether it’s Obama saying 'Yes We Can” or Donald Trump saying 'We're gonna shove it up their ass,' both presidents adopted divisive slogans."
Beyond the rallies, the carnage persists. Millions have lost SNAP benefits. Many thousands, caught in our immigration atrocities, endure "quiet reckonings with what the country has become.” The Atlantic profiled the Ohio truck driver who hit and killed Haitian student Pierre Damas Bel in an apparent suicide; he is haunted by a young man who “would have been a model citizen,” who had to charge his own ankle monitor, who "was hurting - we did not do right by him.” War agit-prop still spews. So does cultural appropriation: Park rangers blast regime theft of Smokey the Bear, a forest fire refugee: "Only you can prevent fascist liars." "Zoologically-deficient hacks" have also dropped AI slop of USA-themed penguins in Greenland, where they don't live; some suggest they "shouldn’t have dismantled the Department of Education so quickly."
Surreal dissonance flourishes. Because they are "committed to leading the world in Gold Standard Science," other regime goons are bravely charging ahead to "MAKE AMERICA HEALTHY, SAFE, AND BEAUTIFUL" with an executive order to "ELIMINATE FOREIGN, INVASIVE TICKS AND MOSQUITOES" to "restore enjoyment of the great outdoors" through "safe and effective technology-enabled methods," thus rebuilding "public trust in science." Too little, too late? Still, their effort aligns nicely with Press Barbie's move to Fox News, per The Borowitz Report, "as a stepping-stone" to acquiring the requisite “warrior ethos" to become Secretary of Defense. And that profound disconnect is alive and festering in the incoherent child king somehow still babbling about "the golden age of America.”
Declaiming, “Watch for the ‘Midterm Surprise!’,” he just boasted his sparse rally crowds are "unbelievable!" He even added for the 8,726th time his now parody-level, "Nobody has ever seen anything like it"and raved the GOP is “flipping races all over the place.” As a public service, Aaron Rupar, who's borne witness to years of this insanity, urges we read the transcript of his recent Time interview to grasp "the grave cognitive impairment" of "random brain firings" like, "I just got a tariff from Lindsey Graham" and "100 million people watched the midterm convention." Observers: "He’s like a criminally inclined rutabaga with some language skills" and "He looks like an attendant just asked him if he wants pudding or Jello and he’s mad he has no idea what those are."
Sunday night, Indivisible hosted a "Hands Off Our Vote" event in New York to prep for Oct. 17's No Kings and the election. Despite our fatigue - from lying, thieving, genocidal rants, fucking ballrooms - a fiery Mark Ruffalo vowed to "Hulk-out" to convey his rage. "We are so tired, but we can't give up now," he said. "They want to keep us afraid. Their only weapon is our fear. But we're inevitable." He recalled meeting with activist Harry Belafonte a few years ago and asking, "How are we going to know what to do? When are we going to know when it's our calling? And he said, 'Brother, you’ll know. And then you go. You show up.’“
Robert De Niro, out of furious fucks to give, raged at policies crazy, cruel and increasingly unpopular. "Power...to...the...people," he intoned. "It isn't just a slogan. It's the founding principle of our nation." So what do those now unduly empowered do? he asked. "They try to take our votes away. Are you kidding me?" (Ghost of Travis Bickle) "Hands Off Our Vote. Lemme put it another way - keep your fucking hands off our vote," he seethed. Then he led the crowd in an explosive call-and-response to "spineless officials, the Supreme Court, masked ICE thugs," finally "that coward, that fucking piece of shit Donald Trump. When he tries to take our voice and power away, what do we tell him?" To each, he bade,"Keep your fucking hands off our vote!" and take back the House, the Senate, our country. In brief, show up.
- YouTube www.youtube.com
MACRO & FED
Financial Post
07 Oct 2026 · 10:46
Economic Uncertainty Kept GTA Homebuyers on the Sidelines in September
TORONTO, Oct. 06, 2026 (GLOBE NEWSWIRE) — Homebuyers were in a holding pattern in September, as uncertainty surrounding the economy, inflation and borrowing costs weighed on Greater Toronto Area (GTA) home sales. GTA REALTORS® …
TORONTO, Oct. 06, 2026 (GLOBE NEWSWIRE) — Homebuyers were in a holding pattern in September, as uncertainty surrounding the economy, inflation and borrowing costs weighed on Greater Toronto Area (GTA) home sales. GTA REALTORS® reported 5,040 home sales throug… TORONTO, Oct. 06, 2026 (GLOBE NEWSWIRE) Homebuyers were in a holding pattern in September, as uncertainty surrounding the economy, inflation and borrowing costs weighed on Greater Toronto Area (GTA) …
MACRO & FED
The Times of India
07 Oct 2026 · 10:46
World Bank flags oil, El Niño and global market risks to growth
The World Bank has revised its growth forecast for South Asia, projecting a robust 6.9% by 2026, driven by a surge in consumer demand. India, leading the region's economy, is expected to achieve a …
The World Bank has revised its growth forecast for South Asia, projecting a robust 6.9% by 2026, driven by a surge in consumer demand. India, leading the region's economy, is expected to achieve a 7.1% growth. However, persistent high inflation and potential … The World Bank has raised its growth forecast for South Asia for 2026, citing resilient consumer demand and strong domestic activity despite an energy shock, while warning that persistently high oil …
MACRO & FED
The Times of India
07 Oct 2026 · 10:45
Bitcoin holds near $86,000 as weak US jobs data lowers October Fed rate hike expectations
Bitcoin traded around $86,000 as expectations of easier US monetary policy supported crypto sentiment. Analysts said weak jobs data reduced rate-hike expectations, while mixed ETF flows, elevated bond yields and resistance near $87,000 kept …
Bitcoin traded around $86,000 as expectations of easier US monetary policy supported crypto sentiment. Analysts said weak jobs data reduced rate-hike expectations, while mixed ETF flows, elevated bond yields and resistance near $87,000 kept gains in check and… Bitcoin traded around the $86,000 mark on Tuesday as the crypto market is supported by expectations of easing US monetary policy. The cryptocurrency was trading at $86,027.In the past 24 hours, Bitco…