Oct 10 (Stats Perform) – Results from the NCAAF games on Thursday (home team in CAPS) KENNESAW STATE 35 Louisiana Tech 7 TULANE 26 East Carolina 19 Jacksonville State 29 SAM HOUSTON 27 Southern Miss 38 GEORGIA SOUTHERN 35
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By Ann Saphir and Michael S. Derby (Reuters) -The influential New York Federal Reserve President John Williams signaled on Thursday he would be comfortable with cutting interest rates again, voicing what appears to be a dominant view at the Fed despite some policymakers' qualms about rising inflation. "The risk of a further slowdown in the labor market is something I'm very focused on," Williams told the New York Times in an interview conducted on Wednesday and published a day later. He also said he felt President Donald Trump's trade tariffs were not putting as much upward pressure on inflation as many observers had expected, and he didn't see signs of any added boost ahead. "I think there are more downside risks to the labor market and employment, and that is something that takes some of the upside risk off of inflation," he said. WORRISOME POINT FOR JOB MARKET San Francisco Fed President Mary Daly, speaking late Thursday in California, largely echoed Williams' view, saying that with inflation having risen less than feared from tariffs, her focus has shifted more to the labor market. "We're to a point now where the softening in the labor market looks like it could be more worrisome if we don't risk-manage it," Daly said. "That interest rate cut we took — and we projected we might take more — those were cuts designed to risk-manage as we move both our inflation goal and our employment goal to a more perfect balance." But at a time when some recent data points to stronger economic growth and consumer spending is buoyed, at least in part, by higher stock market prices, other Fed policymakers say they are worried about cutting rates. In his first speech on monetary policy since June, Fed Governor Michael Barr on Thursday leaned heavily into the risks of inflation, even as he acknowledged the potential vulnerabilities in a "roughly balanced" labor market. "The FOMC should be cautious about adjusting policy so that we can gather further data, update our forecasts, and better assess the balance of risks," Barr said, referring to the central bank's policy-setting Federal Open Market Committee. The Fed's policy committee voted 11-1 last month to cut its policy rate by a quarter of a percentage point to help stave off potential weakness in the labor market. The only dissent, from new Fed Governor Stephen Miran, was in favor of a bigger rate cut. Minutes of the meeting that were released on Wednesday show that the committee may have been more divided than the vote itself indicated, with "a few" participants at last month's session seeing merit in not cutting rates. Still, the majority of the Fed's 19 policymakers felt at least two more quarter-percentage-point reductions would be needed by the end of this year, forecasts showed. Williams endorsed that rate path in his interview with the New York Times, so long as the economy evolves as he expects – with inflation rising to 3% even as underlying inflation excluding tariffs heads lower, and unemployment, now at 4.3%, ticks up. Financial markets also reflect that expectation, with bets in interest-rate futures now pricing about a 95% chance that the Fed will lower its policy rate by a quarter of a percentage point to the 3.75%-4.00% range at its October 28-29 meeting. "The Fed is taking its cue from weak labor data," wrote Evercore ISI Vice Chairman Krishna Guha, noting that the recent stock market rally, fueled by huge expectations for the impact of artificial intelligence, isn't making Fed leaders like Williams rethink the need for easing policy further. Even so, Fed Chair Jerome Powell may need to corral more skeptics to deliver a rate cut later this month. With both upside inflation risks and downside risks to the labor market, the Fed is in a "challenging position" with no risk-free path forward on monetary policy, Barr said on Thursday, explicitly borrowing the way Powell phrased the central bank's current quandary. WORRIES ABOUT INFLATION REMAIN But Barr did not repeat Powell's view that a "reasonable base case" is that tariffs will only deliver a one-time upward thrust on inflation. Instead, while Barr acknowledged such a case is a possibility, he said trade policy poses "some significant risks" to the central bank's goal of keeping inflation low and stable. Barr said he forecasts underlying inflation by the Fed's key measure, the core Personal Consumption Expenditures Price Index, to rise to above 3% by the end of this year, and noted that central bank officials do not expect headline inflation to fall to their 2% goal until the end of 2027. "After the high inflation Americans have endured, two more years would be a long time to wait for a return to our target, and that possibility weighs on my judgment for appropriate monetary policy," he said. Barr isn't alone in worrying about inflation. Kansas City Fed President Jeffrey Schmid, who is a voting member of the FOMC this year, signaled last week that he would be hesitant about further rate cuts; two other Fed presidents who don't vote this year on policy also have argued that cutting rates risks reigniting inflation. A softer labor market could help mitigate inflation risks, Barr said, adding that it's difficult to tell, particularly without official data during the current federal government shutdown, how much demand for labor has actually softened. "We need to be prepared for the possibility that the softening in the labor market will become something worse, especially if there is a further adverse shock to demand," he said, adding that if it does, the Fed "can, and I believe would, act forcefully to stabilize the economy if necessary." (Reporting by Ann Saphir; Editing by Paul Simao and Shri Navaratnam)
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MUMBAI, Oct 10 (Reuters) – The Reserve Bank of India likely intervened in both the non-deliverable forwards (NDF) and local spot market to support the rupee on Friday as the South Asian currency was pinned near its all-time low. Two traders told Reuters that the central bank had likely stepped in the NDF market before the local spot market opened at 9 a.m. IST while three other flagged that state-run banks were offering dollars in the local spot market, most likely on behalf of the RBI. The rupee was last at 88.79, just shy of its all-time low of 88.80 hit last week. One trader said that it was unclear whether the central bank was active in the NDF market. Routine interventions near the 88.80 level have dented speculative interest in wagering against the currency. On the day, a broadly stronger dollar hurt the rupee with analysts citing the drag from worries over ongoing U.S. trade tensions and the adverse trade impact of rising gold prices on India. (Reporting by Jaspreet Kalra, Nimesh Vora; Editing by Mrigank Dhaniwala)
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* Yen on course for steepest weekly drop in a year on Takaichi win * Narrowing U.S.-Japan rate gap to underpin yen, for now * Japan's new party head Takaichi says 'pros and cons' to weak yen * Yen falls may speed up if Takaichi appears sanguine on weak yen By Leika Kihara TOKYO, Oct 10 (Reuters) – Japanese authorities may tolerate moderate yen declines but could intervene if the currency sharply depreciates towards 160 to the dollar, said Atsushi Takeuchi, a former central bank official who was involved in Tokyo's market forays a decade ago. The yen was set for its steepest weekly drop in a year on Friday after fiscal and monetary dove Sanae Takaichi's surprise victory in a ruling party race led to receding expectations of a near-term interest rate hike by the Bank of Japan. Takeuchi, who headed the BOJ's foreign exchange division during currency interventions from 2010 to 2012, said the yen could stabilise from a narrowing interest rate gap. The U.S. Federal Reserve is expected to cut interest rates and the BOJ eventually raise rates as it rolls back years of stimulus, which will underpin the yen and prevent a one-sided dive towards 160 per dollar, Takeuchi said. But the yen's fall may accelerate if Takaichi, who is set to become Japan's next premier, gives markets the impression the government would leave such moves unattended, Takeuchi said. "Authorities won't mind as long as the yen's declines are moderate. Their alarm bells will start ringing if market players begin talking about the chance of sharp yen declines toward 160 or 170 per dollar," Takeuchi told Reuters in an interview. "If the yen falls that much, authorities could and must step in. While intervention can't change the broad market trend, it can put a pause to sharp yen declines," he said on Friday. The yen is on pace for a nearly 4% drop in the week, its biggest fall since early October last year, on market bets Takaichi will expand fiscal spending and pressure the BOJ to delay a hike in still-low interest rates. The Japanese currency stood around 153 per dollar on Friday. In a television programme on Thursday, Takaichi said she did not want to trigger excessive yen declines. But she refrained from issuing any warning against a recent fall in the yen, saying there were "pros and cons" to a weak yen. Many market players see 160 yen per dollar as authorities' line-in-the-sand that heightens the chance of currency intervention. In fresh verbal warnings, Finance Minister Katsunobu Kato said on Friday the authorities were monitoring excessive, disorderly exchange-rate moves. While U.S. President Donald Trump likely favours a weak dollar that gives the country's exports a boost, his administration does not seem to be placing attention on the yen's recent falls, Takeuchi said. "But Washington may express its displeasure if yen falls accelerate further," he said. "They might even welcome any currency intervention by Tokyo to combat yen slides." Japan has historically focused on preventing sharp yen rises that hurt its export-reliant economy. But since 2022, its focus has shifted to defending the yen from excessive depreciation, which can fuel inflation and hurt consumer purchasing power. Takeuchi took part in several yen-selling interventions from 2010 to 2012. He is now chief research fellow at Ricoh Institute of Sustainability and Business. (Reporting by Leika Kihara; Editing by Jacqueline Wong)
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VIDEO SHOWS: HIGHLIGHTS FROM GAME FOUR OF NATIONAL LEAGUE DIVISION SERIES BETWEEN PHILADELPHIA PHILLIES AND LOS ANGELES DODGERS COMPLETE SCRIPT TO FOLLOW SHOWS: LOS ANGELES, CALIFORNIA, UNITED STATES (OCTOBER 9, 2025) (MLB – See restrictions before use) SHOTLIST TO FOLLOW STORY: Hyeseong Kim scored from third base on an 11th-inning error by Philadelphia pitcher Orion Kerkering and the Los Angeles Dodgers advanced to the National League Championship Series for the seventh time in the past 10 seasons with a 2-1 victory over the Phillies on Thursday (October 9). Los Angeles closed out the best-of-five series in Game Four. The Dodgers will open the NLCS on Monday either on the road against the Milwaukee Brewers or at home versus the Chicago Cubs. Dodgers starter Tyler Glasnow struck out eight over six scoreless innings, and reliever Roki Sasaki threw three perfect innings. Mookie Betts drew a game-tying, bases-loaded walk in the seventh inning. Edman singled for Los Angeles with one out in the 11th inning against Jesus Luzardo, and Kim entered as a pinch runner. Max Muncy singled with two outs to put runners on the corners. Enrique Hernandez walked against Kerkering to load the bases. Andy Pages hit a comebacker that Kerkering bobbled. Instead of throwing to first base to end the inning, Kerkering threw the ball past catcher J.T. Realmuto to set off a Dodgers celebration on the infield. Philadelphia starter Cristopher Sanchez was charged with one run over 6 1/3 innings. Jhoan Duran, Matt Strahm and Luzardo (0-2) got the Phillies into the 11th before their season ended on their second error of the game. When Glasnow exited, the Dodgers turned to Emmet Sheehan in the seventh inning, and the Phillies pounced. Realmuto led off with a single but was forced out at second base on a Max Kepler ground ball. The Dodgers failed to complete the double play when Sheehan misplayed the throw from Betts at the first base bag. Sheehan's error put Kepler at second base. Castellanos followed with a go-ahead double just inside the third base bag and into the left field corner for a 1-0 lead. The Dodgers threatened immediately against Sanchez in the bottom of the inning when Alex Call walked and Hernandez singled with one out. Duran came on to get Pages on a groundout, advancing the runners, before Shohei Ohtani was intentionally walked to load the bases. Los Angeles tied it 1-1 on Betts' walk. After Sasaki retired all nine batters he faced, Alex Vesia (1-0) pitched a scoreless 11th for the Dodgers. (Production: Bhagya Ayyavoo) More MLB content is available on Reuters Connect here: https://www.reutersconnect.com/all?sources=mlbimagen
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By Ann Saphir and Michael S. Derby (Reuters) -The influential New York Federal Reserve President John Williams signaled on Thursday he would be comfortable with cutting interest rates again, voicing what appears to be a dominant view at the Fed despite some policymakers' qualms about rising inflation. "The risk of a further slowdown in the labor market is something I'm very focused on," Williams told the New York Times in an interview conducted on Wednesday and published a day later. He also said he felt President Donald Trump's trade tariffs were not putting as much upward pressure on inflation as many observers had expected, and he didn't see signs of any added boost ahead. "I think there are more downside risks to the labor market and employment, and that is something that takes some of the upside risk off of inflation," he said. WORRISOME POINT FOR JOB MARKET San Francisco Fed President Mary Daly, speaking late Thursday in California, largely echoed Williams' view, saying that with inflation having risen less than feared from tariffs, her focus has shifted more to the labor market. "We're to a point now where the softening in the labor market looks like it could be more worrisome if we don't risk-manage it," Daly said. "That interest rate cut we took — and we projected we might take more — those were cuts designed to risk-manage as we move both our inflation goal and our employment goal to a more perfect balance." But at a time when some recent data points to stronger economic growth and consumer spending is buoyed, at least in part, by higher stock market prices, other Fed policymakers say they are worried about cutting rates. In his first speech on monetary policy since June, Fed Governor Michael Barr on Thursday leaned heavily into the risks of inflation, even as he acknowledged the potential vulnerabilities in a "roughly balanced" labor market. "The FOMC should be cautious about adjusting policy so that we can gather further data, update our forecasts, and better assess the balance of risks," Barr said, referring to the central bank's policy-setting Federal Open Market Committee. The Fed's policy committee voted 11-1 last month to cut its policy rate by a quarter of a percentage point to help stave off potential weakness in the labor market. The only dissent, from new Fed Governor Stephen Miran, was in favor of a bigger rate cut. Minutes of the meeting that were released on Wednesday show that the committee may have been more divided than the vote itself indicated, with "a few" participants at last month's session seeing merit in not cutting rates. Still, the majority of the Fed's 19 policymakers felt at least two more quarter-percentage-point reductions would be needed by the end of this year, forecasts showed. Williams endorsed that rate path in his interview with the New York Times, so long as the economy evolves as he expects – with inflation rising to 3% even as underlying inflation excluding tariffs heads lower, and unemployment, now at 4.3%, ticks up. Financial markets also reflect that expectation, with bets in interest-rate futures now pricing about a 95% chance that the Fed will lower its policy rate by a quarter of a percentage point to the 3.75%-4.00% range at its October 28-29 meeting. "The Fed is taking its cue from weak labor data," wrote Evercore ISI Vice Chairman Krishna Guha, noting that the recent stock market rally, fueled by huge expectations for the impact of artificial intelligence, isn't making Fed leaders like Williams rethink the need for easing policy further. Even so, Fed Chair Jerome Powell may need to corral more skeptics to deliver a rate cut later this month. With both upside inflation risks and downside risks to the labor market, the Fed is in a "challenging position" with no risk-free path forward on monetary policy, Barr said on Thursday, explicitly borrowing the way Powell phrased the central bank's current quandary. WORRIES ABOUT INFLATION REMAIN But Barr did not repeat Powell's view that a "reasonable base case" is that tariffs will only deliver a one-time upward thrust on inflation. Instead, while Barr acknowledged such a case is a possibility, he said trade policy poses "some significant risks" to the central bank's goal of keeping inflation low and stable. Barr said he forecasts underlying inflation by the Fed's key measure, the core Personal Consumption Expenditures Price Index, to rise to above 3% by the end of this year, and noted that central bank officials do not expect headline inflation to fall to their 2% goal until the end of 2027. "After the high inflation Americans have endured, two more years would be a long time to wait for a return to our target, and that possibility weighs on my judgment for appropriate monetary policy," he said. Barr isn't alone in worrying about inflation. Kansas City Fed President Jeffrey Schmid, who is a voting member of the FOMC this year, signaled last week that he would be hesitant about further rate cuts; two other Fed presidents who don't vote this year on policy also have argued that cutting rates risks reigniting inflation. A softer labor market could help mitigate inflation risks, Barr said, adding that it's difficult to tell, particularly without official data during the current federal government shutdown, how much demand for labor has actually softened. "We need to be prepared for the possibility that the softening in the labor market will become something worse, especially if there is a further adverse shock to demand," he said, adding that if it does, the Fed "can, and I believe would, act forcefully to stabilize the economy if necessary." (Reporting by Ann Saphir; Editing by Paul Simao and Shri Navaratnam)
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* Barr emphasizes inflation risks as he weighs appropriate policy * Williams says he is focused on labor market risks, expects rate cuts * Daly says labor market at a 'worrisome' point need to risk manage it * Divide illustrates coming debate at Fed's October 28-29 policy meeting By Ann Saphir and Michael S. Derby Oct 9 (Reuters) – The influential New York Federal Reserve President John Williams signaled on Thursday he would be comfortable with cutting interest rates again, voicing what appears to be a dominant view at the Fed despite some policymakers' qualms about rising inflation. "The risk of a further slowdown in the labor market is something I'm very focused on," Williams told the New York Times in an interview conducted on Wednesday and published a day later. He also said he felt President Donald Trump's trade tariffs were not putting as much upward pressure on inflation as many observers had expected, and he didn't see signs of any added boost ahead. "I think there are more downside risks to the labor market and employment, and that is something that takes some of the upside risk off of inflation," he said. WORRISOME POINT FOR JOB MARKET San Francisco Fed President Mary Daly, speaking late Thursday in California, largely echoed Williams' view, saying that with inflation having risen less than feared from tariffs, her focus has shifted more to the labor market. "We're to a point now where the softening in the labor market looks like it could be more worrisome if we don't risk-manage it," Daly said. "That interest rate cut we took — and we projected we might take more — those were cuts designed to risk-manage as we move both our inflation goal and our employment goal to a more perfect balance." But at a time when some recent data points to stronger economic growth and consumer spending is buoyed, at least in part, by higher stock market prices, other Fed policymakers say they are worried about cutting rates. In his first speech on monetary policy since June, Fed Governor Michael Barr on Thursday leaned heavily into the risks of inflation, even as he acknowledged the potential vulnerabilities in a "roughly balanced" labor market. "The FOMC should be cautious about adjusting policy so that we can gather further data, update our forecasts, and better assess the balance of risks," Barr said, referring to the central bank's policy-setting Federal Open Market Committee. The Fed's policy committee voted 11-1 last month to cut its policy rate by a quarter of a percentage point to help stave off potential weakness in the labor market. The only dissent, from new Fed Governor Stephen Miran, was in favor of a bigger rate cut. Minutes of the meeting that were released on Wednesday show that the committee may have been more divided than the vote itself indicated, with "a few" participants at last month's session seeing merit in not cutting rates. Still, the majority of the Fed's 19 policymakers felt at least two more quarter-percentage-point reductions would be needed by the end of this year, forecasts showed. Williams endorsed that rate path in his interview with the New York Times, so long as the economy evolves as he expects – with inflation rising to 3% even as underlying inflation excluding tariffs heads lower, and unemployment, now at 4.3%, ticks up. Financial markets also reflect that expectation, with bets in interest-rate futures now pricing about a 95% chance that the Fed will lower its policy rate by a quarter of a percentage point to the 3.75%-4.00% range at its October 28-29 meeting. "The Fed is taking its cue from weak labor data," wrote Evercore ISI Vice Chairman Krishna Guha, noting that the recent stock market rally, fueled by huge expectations for the impact of artificial intelligence, isn't making Fed leaders like Williams rethink the need for easing policy further. Even so, Fed Chair Jerome Powell may need to corral more skeptics to deliver a rate cut later this month. With both upside inflation risks and downside risks to the labor market, the Fed is in a "challenging position" with no risk-free path forward on monetary policy, Barr said on Thursday, explicitly borrowing the way Powell phrased the central bank's current quandary. WORRIES ABOUT INFLATION REMAIN But Barr did not repeat Powell's view that a "reasonable base case" is that tariffs will only deliver a one-time upward thrust on inflation. Instead, while Barr acknowledged such a case is a possibility, he said trade policy poses "some significant risks" to the central bank's goal of keeping inflation low and stable. Barr said he forecasts underlying inflation by the Fed's key measure, the core Personal Consumption Expenditures Price Index, to rise to above 3% by the end of this year, and noted that central bank officials do not expect headline inflation to fall to their 2% goal until the end of 2027. "After the high inflation Americans have endured, two more years would be a long time to wait for a return to our target, and that possibility weighs on my judgment for appropriate monetary policy," he said. Barr isn't alone in worrying about inflation. Kansas City Fed President Jeffrey Schmid, who is a voting member of the FOMC this year, signaled last week that he would be hesitant about further rate cuts; two other Fed presidents who don't vote this year on policy also have argued that cutting rates risks reigniting inflation. A softer labor market could help mitigate inflation risks, Barr said, adding that it's difficult to tell, particularly without official data during the current federal government shutdown, how much demand for labor has actually softened. "We need to be prepared for the possibility that the softening in the labor market will become something worse, especially if there is a further adverse shock to demand," he said, adding that if it does, the Fed "can, and I believe would, act forcefully to stabilize the economy if necessary." (Reporting by Ann Saphir; Editing by Paul Simao and Shri Navaratnam)
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VIDEO SHOWS: HIGHLIGHTS FROM GAME FOUR OF NATIONAL LEAGUE DIVISION SERIES BETWEEN PHILADELPHIA PHILLIES AND LOS ANGELES DODGERS COMPLETE SCRIPT TO FOLLOW SHOWS: LOS ANGELES, CALIFORNIA, UNITED STATES (OCTOBER 9, 2025) (MLB – See restrictions before use) SHOTLIST TO FOLLOW STORY: Hyeseong Kim scored from third base on an 11th-inning error by Philadelphia pitcher Orion Kerkering and the Los Angeles Dodgers advanced to the National League Championship Series for the seventh time in the past 10 seasons with a 2-1 victory over the Phillies on Thursday (October 9). Los Angeles closed out the best-of-five series in Game Four. The Dodgers will open the NLCS on Monday either on the road against the Milwaukee Brewers or at home versus the Chicago Cubs. Dodgers starter Tyler Glasnow struck out eight over six scoreless innings, and reliever Roki Sasaki threw three perfect innings. Mookie Betts drew a game-tying, bases-loaded walk in the seventh inning. Edman singled for Los Angeles with one out in the 11th inning against Jesus Luzardo, and Kim entered as a pinch runner. Max Muncy singled with two outs to put runners on the corners. Enrique Hernandez walked against Kerkering to load the bases. Andy Pages hit a comebacker that Kerkering bobbled. Instead of throwing to first base to end the inning, Kerkering threw the ball past catcher J.T. Realmuto to set off a Dodgers celebration on the infield. Philadelphia starter Cristopher Sanchez was charged with one run over 6 1/3 innings. Jhoan Duran, Matt Strahm and Luzardo (0-2) got the Phillies into the 11th before their season ended on their second error of the game. When Glasnow exited, the Dodgers turned to Emmet Sheehan in the seventh inning, and the Phillies pounced. Realmuto led off with a single but was forced out at second base on a Max Kepler ground ball. The Dodgers failed to complete the double play when Sheehan misplayed the throw from Betts at the first base bag. Sheehan's error put Kepler at second base. Castellanos followed with a go-ahead double just inside the third base bag and into the left field corner for a 1-0 lead. The Dodgers threatened immediately against Sanchez in the bottom of the inning when Alex Call walked and Hernandez singled with one out. Duran came on to get Pages on a groundout, advancing the runners, before Shohei Ohtani was intentionally walked to load the bases. Los Angeles tied it 1-1 on Betts' walk. After Sasaki retired all nine batters he faced, Alex Vesia (1-0) pitched a scoreless 11th for the Dodgers. (Production: Bhagya Ayyavoo) More MLB content is available on Reuters Connect here: https://www.reutersconnect.com/all?sources=mlbimagen
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DavoLink Inc: * DAVOLINK: WINS 9 BILLION WON ORDER Source text: Further company coverage:
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Oct 10 (Reuters) – England manager Thomas Tuchel praised Jordan Pickford's composure and adaptability after the goalkeeper set a record with his eighth consecutive clean sheet in his country's 3-0 victory over Wales in a friendly match at Wembley on Thursday. The 31-year-old surpassed the record he had previously shared with England great Gordon Banks to become the first keeper to achieve eight successive shutouts in 90-minute appearances for the England men's team. England stormed to their eighth straight win against Wales, with goals from Morgan Rogers, Ollie Watkins and Bukayo Saka effectively ending the contest within 20 minutes. Tuchel, who took charge of England in January, commended Pickford's ability to remain sharp after being largely untested for long stretches of the game. "It's not easy to stay focused in a dominant first half like that. Have basically nothing to do," Tuchel said. "And then suddenly, I think in the 42nd minute, there's situation where it always can be dangerous. And second half, he had a very difficult save to close his legs very fast. "He's a fantastic shot stopper. There is no doubt about it. Today there was a challenge for him because they pressed us high. And we want to escape the pressing. We want to have the chance to escape the pressing, also with short passes, and not only with long shots from him. So, he did very well. "He kept his composure. He kept calm. This is basically what we demand of him. He stayed calm, kept his focus." The German also praised Pickford's ability to adapt to his tactical demands. "It's like, always a team effort, and I think he's happy to share this with at least the defenders in front of him. But with a defensive approach that we make it the least saves possible from him, but he's doing good," Tuchel added. "Well done, congratulations. Fantastic achievement." (Reporting by Martyn Herman; Writing by Pearl Josephine Nazare in Bengaluru; Editing by Christian Schmollinger)
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