Fed's Waller: More hikes needed, pace can bend, Sept jobs dip not a worry
Fed Governor Christopher Waller said more rate hikes are likely but the pace can be flexible, and he played down September's jobs weakness.
Fed Governor Christopher Waller said more rate hikes are likely but the pace can be flexible, and he played down September's jobs weakness.
Gold briefly dipped below $4,110 support but recovered, as geopolitical tensions support oil; the technical bias remains neutral to bearish.
Bitcoin fell back below $85,000 on low volume; on-chain data shows large buy orders at $81,000 as next support.
Fed hike odds drop to 18.3% after weak jobs and inflation data, with cuts at 0%. A hold is the base case.
Mainland Chinese markets resume after Golden Week with global risks in focus; gold and consumer data are key.
Minutes from the Fed's September meeting show unanimous rate hike and majority expect another increase by year-end due to inflation concerns.
Wall Street gave up gains after the S&P 500 hit a record, as Treasury yields surged and oil prices rose.
Fed minutes from September meeting revealed most officials expect another rate hike in 2026. Bitcoin rose slightly while stocks and gold barely moved.
FOMC minutes show most participants expect a rate hike by year-end, with many viewing current policy as not restrictive.
One-year inflation expectations in the New York Fed survey rose to 3.9%, the highest level since 2023, while the five-year measure held steady at 3%.
US long-dated bond yields hit new highs, with the 10-year at 5.35% and the 30-year at a 24-year peak of 5.72%. Seven drivers are fueling the bond rout.
Stocks rise despite headwinds, with Nasdaq hitting a record and S&P 500 earnings projected to grow 29.5% in Q3 2026.
FOMC meeting minutes rarely move markets because they are published weeks after the decision, making them stale compared to newer Fed comments and data.
US jobless claims data this week may show if weak hiring is turning into layoffs after a poor September payrolls report.
Two veteran bond bears now recommend long US Treasuries as yields top 5%, despite record losses.