Market News and Commentary October 3

Exclusive: Saudi Arabia, Russia Agreed In September To Lift Oil Output, Told U.S. Fed’s Powell sees ‘remarkably positive outlook’ for economy that may be ‘too good to be true.’ This bull market run has echoes of the late 1920s, Nobel Prize-winning economist Shiller says. U.S. Gross National Debt jumps by $1.27 trillion in fiscal 2018, hits $21.5 trillion. Italy budget concession hopes switch risk sentiment back on. Putin tells Trump to blame guy in the mirror for high oil prices. Mortgage fraud is getting worse as more people lie about their income to qualify for loans. Auto stocks tumble. Dollar hits six-week highs on hawkish Fed. New York investigating Trump tax dodging. Fed’s Evans says comfortable with a December rate hike.

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