Fed's Barkin said the impact of AI investment on U.S. inf is visible.

State Department: Nicaragua refused to grant agrément for Natasha Franceschi to serve as U.S. ambassador to Nicaragua. At the direction of Secretary of State Rubio, the U.S. chargé d'affaires in Managua has returned to Washington for consultations.

China e-commerce logistics index rose to 111.9 in September, up 0.4 points MoM. Eight of nine subindices increased — total business volume, rural business volume, inventory turnover, logistics timeliness, fulfillment rate, satisfaction, staffing and load factor — while the cost index slipped slightly. Seasonal buying and holiday gifting boosted online orders, with accelerating demand for autumn apparel, travel gear, seasonal goods and firmer consumer electronics sales.