Overview
- The Federal Reserve is widely expected to reduce the target range by 25 basis points to 3.50–3.75 percent at today’s meeting.
- Major stock benchmarks are posting only small moves, with traders holding back ahead of the policy statement and Powell’s press conference.
- US JOLTS data showed 7.67 million job openings in October, adding uncertainty over how quickly policymakers will continue to ease.
- Ten‑year Treasury yields have risen to about a two‑week high, a development that could temper year‑end equity gains.
- Stock‑specific shifts include a reported bidding battle over Warner Bros. Discovery by Netflix and Paramount, a reported Novo Nordisk stake sale in Evotec, IBM’s plan to buy Confluent, and oil prices stabilizing after an API‑reported crude draw.