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“The labor market remains weak, but the pace of deterioration probably is too slow to spur the FOMC to [reduce interest rates] again in January.”

AgAmerica alleges that Municipal Employees’ Retirement System of Michigan and affiliated entities misrepresented the status of the project to secure funding.<br/>

The value of U.S. exports rose 3% from August to September, reaching the second-highest level on record, while imports increased a more modest 0.6%.

After the company’s earnings release, the cost of protecting its debt against default for five years rose 0.17 percentage point and the spread on one Oracle bond widened 20 bps.

FOMC officials on both ends of the spectrum voted against the move, as both inflation and unemployment are higher than the Fed wants them to be.

Consumers remain troubled by a stubbornly high cost of living, which has been a major drag on sentiment this year, but recent holiday shopping data points to resilient consumer demand.