Overview
- Futures markets price roughly an 87–90% chance of a 25 basis-point Federal Reserve cut at next week’s meeting.
- The S&P 500, Nasdaq, and Dow posted weekly gains and sit within reach of all-time highs as small caps outperform.
- The Fed’s preferred inflation gauge rose 2.9% year over year with core PCE at 2.8%, reinforcing a pivot toward easier policy.
- Netflix announced a $83 billion purchase of Warner Bros. Discovery’s film and streaming assets, a deal pending regulatory approval after a competitive bidding process.
- A weaker dollar lifted commodities such as copper, while signs of Bank of Japan tightening pushed Japanese yields higher and the yen stronger.