Fed official Logan said he is pleased to see that, since 2023, banks have made progress improving operational readiness to access emergency funding.

BESSENT said he is watching whether Democrats genuinely intend to reduce US debt and suggested the Trump administration would be willing to include eliminating some tax-code 'tricks' in a deficit-reduction package. He said "we'll see" if Democrats take normal action and show willingness to push debt gradually lower, adding many tax-code provisions are economically meaningless and canceling them "is not a tax increase" — it could raise revenue without raising rates.

Eurozone September non-seasonally adjusted trade balance -10.3 bln euros; prior reading revised from -16.1 bln to -16.6 bln.