Overview
- White House press secretary Karoline Leavitt said the October CPI and payroll reports may never be released after the 43‑day shutdown, leaving key gaps for policymakers and investors.
- U.S. stocks closed lower with technology and communication names leading declines, as the Dow Jones and S&P 500 fell 1.65% and the Nasdaq dropped 2.29%.
- Fed funds futures now imply roughly 50% odds of a December rate cut, down from earlier expectations, after cautious remarks from officials including Beth Hammack and Mary Daly.
- Brazil’s Ibovespa slipped 0.30% to 157,162, with weak IBGE retail data (restricted sales down 0.3% month over month) and disappointing corporate results outweighing modest gains in iron ore and oil.
- Bitcoin fell about 2.4% to near $102,500 as spot Bitcoin ETFs posted a net outflow of $278.1 million, and ether funds also saw withdrawals, signaling reduced risk appetite.