Group 1: Economic Outlook - The labor market remains a significant variable for the Federal Reserve's potential monetary easing, with expectations of a decline in non-farm payrolls and an increase in the unemployment rate to 4.4% in October [1][3] - The Conference Board's consumer confidence index fell to 94.6, the lowest level since April, indicating a pessimistic outlook on the economy and labor market [2] - The Atlanta Fed's GDPNow model maintains a fourth-quarter GDP growth forecast of 3.9%, unchanged from the previous week [2] Group 2: Federal Reserve Signals - The recent FOMC meeting provided hawkish signals, contradicting earlier expectations of a rate cut in December, with notable dissent from Kansas City Fed President Jeff Schmid [2][3] - Market expectations for potential rate cuts in 2025 have been adjusted downwards, with the probability of a rate cut dropping from 95% to around 60% [3] Group 3: Market Performance - Major U.S. stock indices achieved significant milestones, with the Nasdaq Composite rising for the seventh consecutive month and the Dow Jones and S&P 500 marking six straight months of gains, the longest streak since January 2018 [5] - The performance of the "Magnificent 7" tech giants was mixed, with Amazon and Google seeing substantial stock price increases, while Meta and Microsoft experienced declines [5] Group 4: Upcoming Focus - Investors are expected to closely monitor the sustainability of capital expenditures in the AI sector, with upcoming earnings reports from AMD, Qualcomm, and Arm being key indicators [6] - The ongoing government shutdown has raised concerns about the release of economic data, including the monthly non-farm payroll report, which may be delayed again [6]