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Podcast: MRKT Matrix
Episode: The Fed Cuts Today, But December Isn't Guaranteed
Description: MRKT Matrix - Wednesday, October 29th
Dow drops 100 points, giving up gain after Powell signals Fed may not cut again this year (CNBC)
Key Takeaways From Fed Decision to Cut Rate by Quarter Point (Bloomberg)
Government Shutdown Has Already Cost US Economy $18 Billion This Year, CBO Says (Bloomberg)
Tens of Thousands of White-Collar Jobs Are Disappearing as AI Starts to Bite (WSJ)
GM lays off more than 1,700 at sites in Michigan, Ohio, citing EV challenges (CNBC)
Blackrock Co-CIO Jeff Shen stays upbeat on U.S. stocks, sees opportunities abroad (CNBC)
Fiserv stock craters 43%, on pace for worst day...