Overseas Headlines – October 2, 2025

October 2, 2025

United States:

US Hiring Plans, Job-Cut Announcements Drop in Challenger Report

 

US employers dialed back hiring plans in September and announced fewer job cuts, according to data from outplacement firm Challenger, Gray & Christmas.

 

Companies last month announced plans to add 117,313 jobs, down 71% from a year earlier and marking the weakest September for hiring intentions since 2011. The report released Thursday noted a significant slowdown in seasonal hiring plans compared to years past.

 

https://www.bloomberg.com/news/articles/2025-10-02/us-hiring-plans-job-cut-announcements-drop-in-challenger-report

 

Europe:

UK Firms Maintain High Inflation Expectations for 2026

 

UK businesses maintained their expectations that consumer prices will keep rising at almost double the pace the Bank of England wants, according to a survey that reinforces worries of sticky inflation.

 

Chief financial officers surveyed by the BOE last month said they expected inflation of 3.4% over the next 12 months, unchanged from a month ago.

 

https://www.bloomberg.com/news/articles/2025-10-02/uk-firms-expect-worst-inflation-since-end-of-2023-boe-says

 

 

Asia:

BOJ’s Deputy Chief Reiterates Stance on Rate Hikes After Tankan

 

Deputy Governor Shinichi Uchida reaffirmed the Bank of Japan’s standing policy to raise benchmark interest rates if the economy performs in line with forecasts, in comments a day after a key indicator showed business sentiment remains positive.

 

“If the outlook for economic activity and prices is realized, the bank will continue to raise the policy interest rate and adjust the degree of monetary accommodation accordingly,” Uchida said Thursday in a brief speech at a financial conference in Tokyo.

 

https://www.bloomberg.com/news/articles/2025-10-02/boj-s-deputy-chief-reiterates-stance-on-rate-hikes-after-tankan

 

 

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