San Francisco Fed President DALY said Wednesday the Fed may need to raise short-term rates further to curb elevated inflation, but she does not see a need to act at the Oct. 27-28 FOMC meeting. She said further adjustments are likely, but the timing is still under consideration and there is no need to rush decisions with limited incoming data.

Stats NZ said citizen departures to Australia rose to about 12,500 in the first three months of the year, the highest three-month total since March 2013. Although early‑year outflows typically rise as graduates seek overseas roles, the data show the exodus has not eased, increasing pressure on Prime Minister Luxon ahead of the Nov. 7 election. Opposition parties blamed the government’s failure to tame living costs and generate jobs. The citizen outflow trimmed overall migrant inflows; New Zealand has historically relied on new migrants to support demand and investment.

CHINA FOREIGN MINISTER met LAVROV in Baku on the 14th. LAVROV said Russia fully supports China hosting the APEC leaders' informal meeting. The two said their positions on international affairs are similar and agreed to deepen coordination in multilateral forums including the UN, G20, APEC and BRICS to jointly uphold international fairness and justice. They coordinated positions on future high-level exchanges and regional hotspots and reached new consensus.