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On Friday, October 30, 2026, US equity markets suffered their sharpest single-day decline since June, driven by intensifying investor concern over the sustainability of artificial intelligence capital expenditure. The Nasdaq Composite fell approximately 2.8–2.86%, the S&P 500 dropped around 1.8…
On October 30, 2026, financial institution shares declined but outperformed the broader market as Treasury yields moderated from recent elevated levels. The 10-year Treasury yield fell approximately 6 basis points to 4.929%, while the 30-year dropped slightly to 5.31% and the 2-year fell roughly 6 …
On October 30, 2026, Federal Reserve Bank of St. Louis President Alberto Musalem delivered prepared remarks at a Shadow Open Market Committee event in New York, stating that "additional firming of monetary policy will be necessary, and soon."
At its October 28–30, 2026 meeting, the Federal Open Market Committee voted 10–2 to hold the federal funds target rate unchanged at 3.75%–4.00%, following September's quarter-point increase. The two dissenters — Federal Reserve Governor Lisa Cook and Cleveland Fed President Beth Hammack — both pref…
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