Home

Market Outlook

Today's Market

Summary

The Fed is likely to make a significant dovish turn, invoking the financial stability mandate as the AI bubble burst accelerates.

Thus, the Fed's next move is likely a cut, possibly as early as next week if the S&P500 falls sharply over the next few days, which is possible, but unlikely.

The current situation is similar to the first half of 2008, when oil was spiking, and yet the Fed was cutting in response to the early signs of a financial crisis.

Andrew Harnik/Getty Images News

The set-up for Fed's October meeting

The FOMC is set to meet on Wednesday October 28th. The expectations are that the Fed will leave the Federal Funds rate unchanged at the current level of 3.75-4.00%, based on

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions.…