Welcome back to the exchange. We're a little more than 24 hours from the Fed decision, but 28 days into the government shutdown for the impact of that and the ongoing trade uncertainty, uh, all of that could have a future a fate or could impact the future of rate cuts. We turn to Steve Leeman with the results of the latest CNBC Fed survey. Steve, >> thanks Leslie. Yeah, responders to the October CNBC Fed Service. rate cut on the way from this meeting, the next meeting in December, and possibly one in Januar ...

Group 1 - Real estate investor Grant Cardone highlights a $7 trillion opportunity that could elevate asset prices across various sectors, including stocks, crypto, real estate, and gold [1] - Cardone notes that $7 trillion is currently in money markets, and as interest rates decrease, this capital is likely to be reallocated to higher-return assets [1][6] - The Federal Reserve has recently cut rates by 0.25% and is expected to continue this trend, potentially lowering the base rate further [2] Group 2 - Banks are anticipated to respond to rate cuts by reducing interest rates on money market accounts, which have variable rates that can change at any time [3] - The conclusion of Fed Chair Jerome Powell's term in May may lead to further rate reductions, especially if a new chair is appointed who aligns with President Trump's pro-rate cut stance [4] - While some of the $7 trillion in money markets may remain due to its use as emergency savings, a portion could be invested in riskier assets if money market rates fail to keep pace with inflation [5][6] Group 3 - Rate cuts are expected to incentivize risk-taking, making borrowing cheaper and potentially driving up stock prices [6] - Lower mortgage rates resulting from rate cuts are likely to boost real estate prices, while alternative assets like crypto and gold may also benefit from an increased money supply [6]

Market Overview - The stock market reached new records with the S&P 500 up 1.2%, Dow up 0.7%, and Nasdaq up almost 2% [2] - Optimism is driven by progress on trade with China, expectations of Federal Reserve rate cuts, and signs of taming inflation [2] Company Highlights - Qualcomm's new rack server lineup is expected to compete with Nvidia and Advanced Micro Devices in the AI sector, leading to an 11% stock rally [3] - United Health Care's stock rose nearly 5% in premarket trading after announcing stable earnings and raised guidance for the year [4] - United Parcel Service's stock increased almost 10% following well-received earnings and a sustainable business model [4] Commodity and Related Stocks - Gold prices briefly fell below $4000, impacting stocks reliant on gold, such as Newmont Mining Corp, which dropped over 4% [3] Market Sentiment - The VIX index has decreased to near 15, indicating a positive outlook for the market, but caution is advised due to upcoming news events [5]

Core Insights - Digital asset investment products experienced a significant rebound with $921 million in inflows over the past week, driven by renewed optimism regarding potential US interest rate cuts following softer inflation data [1][7] - Bitcoin products led the inflows with $931 million, while Ethereum products faced their first outflows in five weeks, totaling $243.9 million [5][7] Inflows and Trading Volumes - Global trading activity for exchange-traded products (ETPs) surged to $39 billion, significantly above the year-to-date weekly average of $28 billion, indicating strong investor confidence despite ongoing uncertainties [2][7] - The US accounted for the majority of inflows at $843 million, with Germany also reporting substantial inflows of $502 million, marking one of its largest weekly totals [2][7] Ethereum and Other Assets - Ethereum products recorded $169 million in outflows, marking a shift in investor sentiment after a period of strong inflows, although demand for 2x leveraged Ethereum ETPs remains robust [4][5] - Cumulative inflows for all Ethereum ETFs reached $14.35 billion, with assets under management at $26.39 billion, representing 5.55% of Ethereum's market capitalization [6]

would be a shame if this is the beginning of the fabled Q4 rally and bears are left utterly sidelined as altcoins and memecoins pull their most face-melting rally of the cyclei've been here across multiple cycles, and trust me... this is how it starts!i remember everyone screaming about how Q4 would be bullish last cycle and how things seemed muted for many altcoins and memecoins until the last week of October, so much so that many started doomposting... then all of a sudden altcoins started ripping out of ...

Economic Outlook - The upcoming week will feature significant inflation data from Australia, the euro zone, and purchasing manager indexes from China, alongside rate decisions in Chile and Colombia [1] - The Federal Reserve is expected to cut rates by a quarter point, with concerns about employment and inflation influencing this decision [2][8] - The Bank of Canada is also anticipated to reduce its benchmark rate to 2.25% despite recent positive inflation and job reports [10] Central Bank Actions - North America is likely to see major monetary policy actions, with the Federal Reserve and Bank of Canada both expected to implement rate cuts [5] - The Bank of Japan is predicted to maintain its current rate, while the European Central Bank is not expected to ease further at its upcoming meeting [4][17] - Chile's central bank may delay rate cuts due to persistent inflation above target levels, with potential cuts pushed to December [24] Regional Economic Indicators - In the euro zone, growth is projected to be minimal, with a forecast of just 0.1% growth in the third quarter, influenced by US tariffs [18][19] - Germany's Ifo business gauge is expected to show slight improvement, while France's growth is forecasted to slow to 0.2% in the third quarter [19] - In Asia, inflation and trade data will be crucial for assessing the region's recovery, with Australia and Japan's central banks closely monitoring price pressures [12][13] Trade and Political Developments - US President Trump's trade policies will be under scrutiny during his meetings with Asian leaders, particularly with Chinese President Xi Jinping [6] - Political instability in France may have limited immediate economic impact, but ongoing negotiations for a budget could affect market sentiment [20]

Market Overview - Expectations for further monetary easing are strengthening, with anticipated cuts of 25 basis points in October and an additional 50 basis points in December [1] - The latest CPI print of 0.3% month-on-month is below the 0.4% consensus, indicating modest inflationary effects from tariffs [1] Political Stalemate - The U.S. government shutdown has frozen most macroeconomic data releases, increasing reliance on the single inflation reading [2] - The Senate failed to pass a continuing resolution to fund the government, with a vote tally of 50 in favor, 43 against, and seven abstentions [3] - The ongoing stalemate is causing disruptions across federal operations, raising concerns about future employment data [4] Digital Assets - Digital assets, particularly Bitcoin, are showing resilience amid political and macroeconomic uncertainty, with Bitcoin rising since the October 17th low near US$104K [5] - Fund flows indicate selective but engaged investor behavior, with Bitcoin favored as a relative safe haven while Ethereum exposure is being trimmed [5] - Digital asset ETPs saw net inflows of +US$573 million this week, with Bitcoin products gaining +US$528 million and Ethereum products losing –US$100 million [8] Market Sentiment - The combination of anticipated rate cuts and fiscal paralysis is reshaping market expectations and asset allocation [6] - Data scarcity is amplifying noise around inflation releases, potentially benefiting digital assets as demand for non-traditional hedges grows [6] - Early signs of stabilization in Bitcoin flows and leveraged positioning suggest a potential turning point in post-liquidation sentiment across the crypto landscape [6]

CONCLUDED Stock Market News From Oct. 24, 2025: Dow Tops 47,000 After CPI Inflation Report Last Updated: Topics Memberships Subscribe to Barron's Tools 9 hours ago September CPI Cements Bets on Two More Rate Cuts This Year By Connor Smith Odds of at least a half point in cuts through the end of the year jumped after the September consumer-price index came in below expectations. Traders see just a 1.1% chance that the Federal Reserve opts for a single quarter-point cut through December, according to the CME ...

Core Insights - The upcoming U.S. Consumer Price Index (CPI) data is critical for market movements, particularly regarding potential Federal Reserve rate cuts and overall investor sentiment [1][3][6] - A softer CPI reading could lead to a 25-50 basis point rate cut, which may boost Bitcoin prices towards $113,000-$114,000, while a hotter reading could delay cuts and dampen market momentum [7][6] Market Reactions - Global markets are experiencing cautious optimism, with crypto, stocks, and ETFs climbing as traders anticipate a softer inflation print [2][6] - Bitcoin has surpassed $111,000, driven by easing U.S.-China trade tensions and a broader risk appetite [2] ETF and Crypto Trends - U.S. spot Bitcoin ETFs saw $1.23 billion in outflows last week, while global crypto ETF inflows reached $5.95 billion, marking the strongest inflow this quarter [4] - Ethereum and Solana have gained between 3-5% amid growing confidence in an easing monetary cycle [4] Federal Reserve's Position - The Federal Reserve is hinting at a potential return to quantitative easing (QE), which could flood the financial system with liquidity once the government reopens [5][8] - Historically, monetary easing has correlated with digital asset rallies, suggesting a bullish outlook for the crypto market if QE resumes [9] Sentiment Indicators - The Crypto Fear & Greed Index has increased to 27, indicating cautious optimism among traders, though it remains far from euphoria [10]

Group 1: Global Market Overview - Global stocks received a boost from positive earnings reports, countering concerns from Wall Street regarding tech megacaps [1][4] - European equities rebounded, with the STOXX 600 index rising by 0.3%, despite a 0.1% dip in MSCI's All-World index, marking its third consecutive daily decline [2] - Chinese stocks increased by 0.3% after recovering from a 1.1% drop, influenced by geopolitical tensions and potential U.S. export restrictions on software to China [3] Group 2: Earnings Reports - The corporate earnings season has begun, with many companies exceeding analysts' expectations, although some megacaps have disappointed [4] - Tesla reported record third-quarter revenue but saw shares fall approximately 3% in premarket trading due to missing profit estimates [5] - Positive news for tech stocks emerged as U.S. government discussions with quantum-computing companies led to significant share price increases for IonQ, Rigetti Computing, and D-Wave Quantum, each jumping over 20% [5] Group 3: Oil Market Dynamics - Oil prices surged by as much as 5.5%, reaching a two-week high of $66.04 per barrel, following U.S. sanctions on major Russian companies due to the Ukraine conflict [6] - The European Union approved a 19th package of sanctions against Russia, which included a ban on Russian liquefied natural gas imports [6] Group 4: Interest Rate Expectations - Investor sentiment is bolstered by expectations that the Federal Reserve may soon initiate a series of rate cuts, with projections indicating U.S. rates could fall to 3% by June from the current 4% [7]