JUST IN: 🇺🇸 Federal Reserve Governor Stephen Miran says he expects another rate cut in December. ...

Rate Cut Bets Spur Modest Market Gains - Bloomberg Surveillance https://t.co/eb49YrMwnA ...

The crypto market has plunged into a range of “Extreme Fear” conditions only weeks after hitting fresh highs. The global crypto market cap now stands at $3.62 trillion, with Bitcoin trading near $104,343, down 3% over 24 hours and Ethereum near $3,509, down 5.2% The widely followed Fear & Greed index reads just 21, a level signifying near-panic. At the same time, derivatives markets recorded a staggering $1.33 billion in liquidations over 24 hours, most of it from long positions. More from TheStreet W ...

Economic Outlook and Monetary Policy - The central bank is cautious about front-loading rate cuts due to concerns over inflation and the job market, indicating a need for more data before making decisions [1][6][22] - There is a belief that rates will ultimately settle lower than current levels, but the timing and conditions for cuts are still uncertain [3][23] - Recent inflation data shows core inflation running at an annualized rate of 3.6% and core services at 4%, raising concerns about the inflation trajectory [7][22] Job Market Insights - The job market is showing signs of uncertainty, with recent layoff announcements from major companies like Amazon and UPS, and a negative ADP measure for September [14][15] - Despite the slowdown in payroll growth, the unemployment rate has remained stable, suggesting that the labor market is not in immediate distress [10][11] - The hiring rate is low, which is particularly challenging for new graduates and young workers, indicating a unique economic situation where both hiring and firing rates are low [17][18] Sector-Specific Observations - The housing sector is identified as weak, which is typically sensitive to interest rates, while consumer durables and business investment remain resilient [25][26] - The overall economy is described as solid, driven by consumer confidence, despite weaknesses in certain sectors affected by tariffs [27]

Market Outlook - The upcoming months of November and December are historically the best two-month stretch of the calendar year, with strong average price changes and frequency of advances [2] - The consumer discretionary sector has been the second-best performing sector during this period since 1990, indicating potential for market gains [2] Federal Reserve and Interest Rates - There is an expectation that the Federal Reserve may cut rates again in December due to a potential softening job market [2][3] - Current data availability is limited, leading to a cautious approach from the Fed, which is described as "flying blind" [3] Earnings Growth - Earnings expectations have improved from an initial forecast of a 7% gain to approximately 11-12% for the current quarter [4] - There have been upward revisions in earnings projections for the fourth quarter and for 2025 and 2026, contributing to market momentum despite stretched valuations [4][5] Retail Sector Insights - Retail sales are projected to grow by 4.2% for the year, with a strong Q3 expected at 6.3% [7] - The retail sector is anticipated to maintain elevated growth rates, around 4% for 2026, despite concerns about consumer spending [7] Investment Opportunities - The XRT ETF is highlighted as a potential outperformer due to improved momentum and relative strength, particularly if an additional rate cut occurs [8] - Vertiv Holdings is noted for its strong position in the data center infrastructure sector, supported by significant investments from major hyperscalers [9]

10 YEAR YIELDS JUST FLAT HERE, AROUND 4.1%. TURNING TO THE FED, KANSAS CITY PRESIDENT GIVING HIS REASON FOR THE REASON WHY HE DESCENTED. MICHAEL MCKEE IS WITH US NOW.MICHAEL: THE FED'S BLACKOUT PERIOD ENDING LAST NIGHT AND SCHMIDT DISAGREES WITH THE FED LUGS AT THE BALANCE OF RISK. HE SAID I DO NOT THINK THE POLICY RATE WILL NOT MUCH STRESS NECESSARY LABOR MARKET THAT ARISES FROM STRUCTURAL CHANGES. HOWEVER, A CUT COULD HAVE LONGER LASTING INFLATION IF THE FED'S COMMITMENT TO ITS 2.% OBJECTIVE COMES INTO QU ...

By Naomi Rovnick and Alun John LONDON (Reuters) -The U.S. Federal Reserve has moved back into line with other major rate setters after it cut rates by a quarter point on Wednesday but pushed back against market bets that it would keep going as the Washington shutdown fogs up its forecasting lens. The Bank of Japan and European Central Bank left rates unchanged on Thursday. Here's where 10 major central banks stand after the latest round of meetings: 1/ SWITZERLAND The Swiss National Bank cut its key r ...

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The Morning Minute (10.30)Powered by @yeet⏰Top News:-Crypto majors fall 2-3% after Powell says rate cut not certain in December-MetaMask parent Consensys files for IPO-Mastercard to acquire Zero Hash for up to $2B-Jack Dorsey’s Bitchat becomes top social app in Jamaica amidst hurricane-MegaETH raised over $1.25B in public ICO (25x oversubscribed)🌎 Macro Crypto and Memes-Crypto majors are red after FOMC’s shaky guidance and a successful Trump Xi meeting; BTC -3% at $110,100, ETH -3% at $3,900, BNB +1% at $1, ...

So today in a single day we got25 BPS rate cutQT endingUS - China trade dealU.S. stocks hitting new highsand Bitcoin still can’t break $116k ?This is the shittiest bull market ever ...