🦅 Fed holds, hike risk grows
The Fed kept rates at 3.75%–4.00% in a 10–2 vote. Cook and Hammack both wanted an immediate hike, and December hike odds rose to as high as 83%. The 10-year yield closed near 5.04%. 💵
🇺🇸 Wall Street (Wednesday close)
📈 S&P 500: 7,743.98 (+0.28%)
📈 Dow: 52,475 (+0.19%)
📈 Nasdaq: 26,550 (+0.27%)
Futures point to a weaker tech open: Nasdaq 100 is down about 1% and S&P 500 is down 0.25%. Alphabet sank after earnings, while Microsoft gained. 💻
🌏 Asian markets
🇯🇵 Nikkei 225: 64,675 (+1.1%), lifted by chip names 🚀
🇰🇷 Kospi: 5,954 (–1.0%) 📉
🇭🇰 Hang Seng: 23,013 (–0.4%)
🇨🇳 Shanghai: 3,657 (–0.7%)
🇦🇺 ASX 200: 8,892 (+0.5%)
USD/JPY is at 157.84, and the BoJ decides tomorrow, with a hold expected. 🏦
🛢 Commodities
🔥 Brent: $110.08 (–1.4%)
🔥 WTI: $101.26 (–1.5%)
🥇 Gold: $4,028 (–1.0%), pressured by hike bets
🥈 Silver: $52.83 (–2.1%)
💶 Forex and crypto
EUR/USD: 1.1136 (–0.19%)
₿ Bitcoin: $80,219 (–0.8%)
Ξ Ethereum: $2,321 (–1.3%)
📅 Today’s focus
🇪🇺 ECB decision: a hold at 2.50% is expected, with a December hike about 84% priced in after September inflation hit 3.8%.
🇺🇸 US Q3 GDP (forecast +3.0%) and September PCE at 8:30 ET. A hot print could add fuel to the hike narrative. 🔥
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