Time now for an in-depth look at the market news.
And for that, I'm joined on the line by Dr. Kim Seiwan, professor of economics at Ewha Womans University.
Professor Kim, good afternoon. Thank you for coming on.
The Federal Reserve has wrapped up its September meeting, saying that it's not going to raise rates before 2023 and it still has some room to maneuver. What's the takeaway from this meeting?
Despite this promise of more support from the Fed, the markets were mixed because of uncertainty about these tech stocks. What's the story in the markets?
The decline in the S&P and the Nasdaq has the Korean markets lower today too. It looks like institutions were the big sellers today. What happened there?
The OECD is forecasting a contraction this year in the Korean economy of one percent. That's a little lower than its previous forecast, but this is considered a rather positive estimate, even by Korea's finance minister. What do you make of this forecast?
The price of West Texas crude is back above 40 dollars a barrel thanks to this latest Gulf hurricane hitting supplies. Tell us about oil and your outlook for it.