The S&P 500 fell 0.6% last week, and the Nasdaq dropped 2.0%, both posting their third straight week of losses, as disappointing tech earnings revived concerns about AI-related spending. The FOMC held the federal funds rate (FFR) at 3.75%-4.00% on Wednesday in a 10-2 vote, with the dissenters favoring a 25bps hike. We believe the committee needs another 50bps of increases to get back to a neutral FFR that is neither accommodative nor restrictive. October’s employment report (Fri) caps a jam-packed week of labor market data, including JOLTS (Tue), ADP (Wed), and Challenger and jobless claims (Thu). ISM’s M-PMI (Mon) and NM-PMI (Wed) are also due. Six Fed officials are scheduled to speak. Tuesday’s midterm elections should be interesting.
Mostramos la idea principal publicamente. Crea una cuenta gratis para seguir leyendo el articulo completo, guardarlo, comentarlo y conectarlo con contexto de mercados y OSINT.