The Fed Cuts Today, But December Isn't Guaranteed
Episode 361
MRKT Matrix - Wednesday, October 29th
- Dow drops 100 points, giving up gain after Powell signals Fed may not cut again this year (CNBC)
- Key Takeaways From Fed Decision to Cut Rate by Quarter Point (Bloomberg)
- Government Shutdown Has Already Cost US Economy $18 Billion This Year, CBO Says (Bloomberg)
- Tens of Thousands of White-Collar Jobs Are Disappearing as AI Starts to Bite (WSJ)
- GM lays off more than 1,700 at sites in Michigan, Ohio, citing EV challenges (CNBC)
- Blackrock Co-CIO Jeff Shen stays upbeat on U.S. stocks, sees opportunities abroad (CNBC)
- Fiserv stock craters 43%, on pace for worst day ever after company slashes guidance (CNBC)
- Eli Lilly, Walmart to offer first retail pickup option for discounted vials of weight loss drug Zepbound (CNBC)
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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets
Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs
Published on 1 month, 2 weeks ago