US added 119,000 jobs in September in report delayed by federal shutdown

The Congressional Budget Office (CBO) has revised its estimate, stating that tariffs imposed by former President Trump will reduce U.S. deficits by $1 trillion less than previously projected. This adjustment reflects the ongoing impact of trade policies on the national economy.

The US dollar strengthened following the release of robust employment data, which has led to diminished expectations for a Federal Reserve interest rate cut. The positive jobs report indicates a resilient labor market, prompting investors to reassess their outlook on monetary policy.

The US economy added 119,000 jobs in September, according to a report from Investing.com. Despite this solid job growth, the unemployment rate rose to 4.4%, marking the highest level since 2021. This report was delayed due to a federal government shutdown, which has raised concerns about the overall stability of the labor market.

US midstream companies are rapidly expanding their natural gas liquids (NGL) export capacity due to increasing global demand. However, analysts caution that a potential processing squeeze could hinder operations before shipments reach their destinations.

Experts are urging Chancellor Rachel Reeves to initiate a comprehensive revaluation of council tax properties in the upcoming budget. This call comes as the Treasury is reportedly planning to update the valuations of homes in the top three council tax bands, which have not been revised since 1991. The proposed changes aim to address disparities in council tax bills across different regions.

Mortgage rates in the US have risen for the third consecutive week, reaching 6.26%. This increase is further straining affordability for potential homebuyers, complicating the already challenging housing market.

Federal Reserve Governor Lisa Cook emphasized the need for vigilance regarding unexpected losses in private credit and their potential impact on the broader US financial system. Her comments were made during an event at the Psaros Center for Financial Markets and Policy at Georgetown University.

Russian oil giant Rosneft PJSC plans to pay the lowest interim dividends since the pandemic in 2020 due to declining crude prices, a stronger ruble, and impending US sanctions.