Federal Reserve (FED) news

The Federal Reserve (FED) is the central banking system in the US. It manages monetary policy to maintain price stability and promote maximum employment. It primarily uses the federal funds rate and open market operations to influence interest rates and the money supply, impacting the US economy and global markets. It also provides forward guidance to shape market expectations.

The Dow Jones reaches 47,000 and breaks its Rising Wedge

US indices are pushing higher with the Dow Jones clearing 47,000 and breaking an ascending wedge pattern. A weak ISM Services PMI initially triggered selling, but markets flipped into full risk-on mode. With October’s Fed cut nearly assured and deeper 2026 cuts priced, equities shrug off shutdown risks for now.

03-10-2025 15:54 GMT by Elior Manier

SPX 500: Bullish trend undeterred by US government shutdown, en route to 6,800/850 next

The SPX 500 remains firmly bullish despite the US government shutdown, climbing to a fresh record high of 6,745 on 3 October. Optimism is fueled by rising odds of Fed rate cuts, with markets pricing a 98% chance in October and 87% in December. The index holds above key support at 6,690, with the next targets at 6,800 and 6,850. Strong momentum and sector rotation into cyclicals reinforce the bullish trend.

03-10-2025 09:49 GMT by Kelvin Wong