The Fed Cuts Today, But December Isn't Guaranteed

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) --- Subscribe to our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://riskreversalmedia.beehiiv.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 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