Stock Market News·2025-10-10 12:38Federal Reserve Insights - Federal Reserve Governor Christopher Waller indicated a cautious approach to rate cuts, likely in quarter-point steps, as the Fed assesses economic conditions [2][8] - Waller noted the labor market is "not doing great" with negative job growth, suggesting the U.S. is not at maximum employment, but found no evidence of a wage-price spiral [2][8] - He mentioned that tariff effects on inflation are one-time changes, with a 40% pass-through observed in some goods prices [2] Mexico's Industrial Production - Mexico's industrial production fell by 0.3% month-over-month in August, missing the estimated 0.4% increase, following a 1.2% decline in July [3] - Year-over-year, industrial production decreased by 3.6%, worse than the estimated 2.0% decline and the previous 2.7% drop [3] - Manufacturing production also fell by 3.1% year-over-year, exceeding the estimated decrease of 0.8% [3] Corporate Developments - JPMorgan placed Colgate-Palmolive (CL) on a negative catalyst watch, expressing concerns over its future performance and cutting its price target for Colgate-Palmolive India [4][8] - Citi issued a bullish call on Oracle (ORCL), raising its price target from $395 to $415, projecting nearly 40% upside due to the company's expanding customer base and expectations for AI project profitability [4][8] International Engagements - China's Vice Premier He Lifeng met with leaders from major international firms, including Abbott Laboratories (ABT), SK Group, and Prudential Plc, to encourage investment and cooperation in China [5][8] Other International Economic News - Polish policymaker Cezary Kochalski suggested a cautious stance on further interest rate cuts, tempering traders' expectations [6] - In the UK, Chancellor Rachel Reeves is facing pressure to expand the fiscal buffer amidst economic challenges [6]