Market Minute 12-10-25- Fed, SpaceX IPO in Focus

Market Overview - Equity markets are currently stable as investors await the Federal Reserve's interest rate decision [1] - Silver prices are rising above $60, while crude oil is experiencing a slight increase, and gold prices are easing [1] Federal Reserve Meeting - The Federal Reserve is expected to announce a 25-basis point interest rate cut, although the decision may come from a split vote indicating internal disagreements [2] - Chair Jay Powell is likely to signal that the Fed may pause further cuts to assess inflation and economic growth [2] Bond Market Dynamics - Long-term bond yields are increasing globally, reaching their highest levels since 2009, driven by concerns over persistent inflation, significant debt issuance, and anticipated rate hikes in countries like Japan and Australia [3] SpaceX IPO Plans - SpaceX is planning to launch the largest Initial Public Offering (IPO) in history, aiming to raise over $30 billion and achieve a valuation of approximately $1.5 trillion [4] - The IPO is targeted for mid-to-late 2026, potentially surpassing the previous record set by Saudi Aramco's $29 billion stake sale in 2019 [4] - Starlink is expected to be the primary revenue driver for SpaceX, contributing to projected sales of up to $24 billion in 2026 [4]