Fed officials are divided over whether to cut interest rates again in December, according to minutes from the central bank’s last policy meeting. “In discussing the near-term course of monetary policy, participants expressed strongly differing views about what policy decision would most likely be appropriate at the Committee’s December meeting,” the minutes read. While “most” members of the Fed thought that lowering rates at the December meeting would be appropriate as the central bank moves rates toward ...

A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to minutes released Wednesday.At the same time, many officials said “it would likely be appropriate” to keep rates “unchanged for the rest of the year,” a sign of strong divisions among policymakers about the central bank’s next steps.Rate cuts by the Fed, over time, typically lower borrowing costs for mortg ...

Core Viewpoint - The central bank's recent meeting revealed significant disagreements regarding the Fed's next steps for the upcoming month [1] Group 1 - There were "strongly differing views" among members about the appropriate actions the Fed should take [1]

Bitcoin FOMC minites. Photo by BeInCrypto In the past 60 minutes, over $112 million longs have been liquidated as traders de-risk in anticipation of the FOMC minutes. Bitcoin slipped below the $90,000 psychological levels, blowing millions in long positions out of the water. $115 Million Longs Wiped Out Amid FOMC Minutes Jitters Data on Coinglass shows that over $112 million in long positions have been liquidated over the past hour. These positions were flushed out as the Bitcoin price dipped below the ...

LONDON (AP) — Inflation in the U.K. fell to a four-month low in October, official figures showed Wednesday, in a move that has raised expectations of another Bank of England interest rate cut next month. The Office for National Statistics said the annual rate of inflation, as measured by the consumer prices index, fell to 3.6% in October from 3.8% the previous month. Though the rate was the lowest since June, it was a bit higher than the 3.5% that most economists were forecasting for the month. The main ...

Market Overview - U.S. equity markets closed sharply lower, with the S&P 500 falling by 0.98% to 6,668.20, the Nasdaq Composite dropping 0.91% to 22,691.35, and the Dow Jones Industrial Average declining 1.01% to 46,675.00, marking a significant shift as both the S&P 500 and Nasdaq closed below their 50-day moving averages for the first time since April 30 [2][8] - Concerns about AI-driven valuations are rising, exemplified by Nvidia shares declining by 2.6% ahead of its earnings report [3][8] Federal Reserve Insights - Federal Reserve Governor Christopher Waller advocates for a 25 basis point interest rate cut at the December FOMC meeting, citing a weakening labor market and stable inflation expectations [4][5][8] - Waller emphasizes the need to focus on labor market conditions over inflation, noting a decline in labor demand and reduced job openings [5] Cryptocurrency and Gold Market - Bitcoin has entered a "free fall," dropping below $93,000 and down over 25% from its October peak of $126,000, resulting in an estimated $1 trillion loss from the crypto market [6][8] - In contrast, China's central bank added an estimated 1.24 to 1.5 tons of gold to its reserves in September, continuing a trend of accumulation for 11 consecutive months [7][8] Corporate Developments - ITC Holdings Corp. announced Krista Tanner as its new President and CEO, effective March 23, 2026, succeeding Linda Apsey [9] - Thoma Bravo has reportedly made an offer to acquire Clearwater Analytics, which would take the company private, leading to an uptick in Clearwater's shares [10] Geopolitical Context - Tensions on the Korean Peninsula have escalated as North Korea responds to U.S. and South Korea's joint agreements, indicating potential military escalations [11]

Federal Reserve governor Christopher Waller said he supports another quarter-point cut in a key U.S. interest rate in December to help an ailing U.S. labor market — and he doubts he'll change his mind. ...

分组1 - Nvidia is set to report its third-quarter earnings, with expectations for strong performance driven by a significant backlog of $500 billion in booked business, indicating potential data center revenue growth of nearly 20% sequentially each quarter until 2026 [1][2] - Major customers like Amazon, Google, Microsoft, and Meta are planning substantial capital expenditures, aligning with Nvidia's growth trajectory [1][2] - Despite Nvidia's stock being up approximately 40% this year, historical trends show that even when the company beats earnings expectations, the stock has often declined post-report [1][2] 分组2 - The upcoming September jobs report is anticipated to show a rebound in payroll growth, with expectations of an increase to 54,000 jobs from 22,000 in August, while the unemployment rate is expected to remain steady at 4.3% [2][3] - Fed Vice Chair Philip Jefferson indicated a cautious approach to rate cuts, highlighting a shift in risks towards the labor market, with inflation risks appearing to have receded somewhat [2][3] - The Fed is expected to consider a 25 basis point rate cut in December, contingent on the data flow, including the upcoming jobs report [2][3] 分组3 - Bitcoin has erased its year-to-date gains, falling below $94,000, with investor Michael Sailor expressing confidence that Bitcoin will surpass gold's market cap by 2035 [4][5] - Sailor emphasized the importance of concise communication in the digital age, advocating for the use of visual content to convey messages effectively [5][6] - The conversation around Bitcoin's future includes considerations of its potential as a larger asset class than gold, driven by its finite supply and increasing adoption [4][5] 分组4 - Block's shares have seen a slight increase following an upgrade to hold from sell, with analysts noting improved momentum at Square despite ongoing concerns about credit risk [4] - Dell has been downgraded to underweight by Morgan Stanley due to rising memory costs impacting hardware margins, while JP Morgan remains optimistic about demand from cloud customers [4] - Vita Coco's stock was upgraded to buy by Bank of America, with a raised price target following tariff relief that removes a significant financial burden for the company [4]

Group 1 - The March U.S. Treasury Bond futures are currently presenting a selling opportunity due to a trend of declining prices, recently hitting a five-week low [1] - The market has adopted a more hawkish stance regarding the Federal Reserve, with a U.S. interest rate cut in December now appearing uncertain, contrary to previous expectations [2] - A breach of the support level at 115 31/32 in March T-Bond futures would empower bearish traders and create a selling opportunity, with a downside target of 112 or lower [3] Group 2 - The technical indicators, specifically the MACD, are showing a bearish posture, indicating further potential price weakness in the bond market [1] - Resistance for protective buy stops is identified at 117 20/32, suggesting a strategic point for traders to consider [3]

Alphabet rose sharply. The stock gained about 5%. Berkshire Hathaway revealed a $4.3 billion stake. Alphabet became Berkshire’s 10th-largest holding. The move came through Todd Combs or Ted Weschler. Apple’s position was trimmed by 15%. The market watched economic data. The September nonfarm payrolls report is due Thursday. It will be the first major release after the shutdown. A strong or weak number could shift December rate-cut expectations. Fed Vice Chair Philip Jefferson signaled caution. He said poli ...