On cnbc, treasury secretary bessent said consumer behavior is quite strong, business behavior is quite strong

Vance reaches out to iranian hard-liner in bid to restart peace talks'- wsj exclusive

Live on cnbc, treasury secretary bessent says operation economic outcast against iran has been very successful, currency has collapsed

Live on cnbc, treasury secretary bessent says i don't think credit in the ai space is problematic

President donald j. trump adjusts imports of robotics, industrial machinery, and their parts and components into the united states; trump says imported robotics and machinery pose nation security risks, but does not impose any immediate tariffs; trump directs officials to negotiate agreements with trading partners to address national security risks with respect to imports of robotics and industrial machinery from any country.

Live on cnbc, treasury's bessent says fed chair warsh should have an open mind on transitory nature of any supply shocks; he and trump have a lot of confidence in warsh; great confidence in warsh to steer fed between right combination of growth and inflation

Fed chair warsh says in the long term most measures have confidence central bank will deliver price stability; we are tightening financial conditions; it tells me our policy is working, not uncomfortable with it, tells me policy is working; asked about proceedings on gov cook, says fed is 'not to my knowledge' going to be involved

Fed chair warsh says our measures of size of aggregate demand curve are imperfect; the economy is strong, the economy is pointing in the right direction, is economy running too hot? that is not the judgment of most of my colleagues; productivity has been moving higher; economic growth is higher, but that doesn't mean it's causing inflation; goal is not to throw sand into gears of economy; don't think we have to throw people out of work

Fed's warsh says glad korean central bank governor is in his post, have known him for 20 years, good friend; balance sheet task force recommendations will be fed into fomc early in first quarter; if we decide to make balance sheet changes, it is unlikely to have any effect on this policy juncture; any changes to balance sheet will be after serious consideration of task force recommendations; when we removed dose of accommodation, the effects on financial market conditions were consistent with expectations

Fed's warsh says coming period will be information-rich, but nothing to do with politics; don't believe in forward guidance, absence a crisis; i don't believe in prejudging meetings; won't share musings on what will happen in december; we might learn a lot by then, will be better-positioned to determine right policy decision; pay a lot of attention to korean economy, tells me what's coming this way

Fed chair warsh says since early september we've seen inside and outside technology complex, interest rates have had an effect; credit spreads have widened; you've seen credit spreads widen for some assets, some tightening in some financial conditions; interest rates do matter for new technology; capex is broadening; strength in capex is no longer in narrow pockets; asked if midterm elections factored into rate decision, says politics played no role

Fed's warsh says there's a stable correlation between oil prices rising and market-set interest rates, until recently; been a stable correlation between oil price and market interest rates until recently; interest rates have rolled over to the downside; i take note that oil futures prices have moved up; i was skeptical that interest rates would not have an effect on ai, rates affect almost everything

Fed chair warsh says task force conclusion unlikely to find their way into this policy juncture; will attend nov 16 field hearing from productivity task force; plan on attending task force field hearing next month; there is no soft inflation target; price stability target is 2% measured by pce; inflation expectations have gone up in near-term, but longer-term measures show households and businesses have confidence that fed will deliver price stability

Fed chair warsh, asked about trump comment on fed board: says he won't respond; asked about trump's criticisms of the fed, says will not respond to quotes by public officials; asked about trump comment on fed board says fomc had a family fight, came to right policy decision for this moment; asked about trump comment on fed board says honored to be a part of this group, and its chairman

Fed chair warsh says i am not some kind of all-knowing person sending messages out; do not anticipate issuing a policy statement at strategy meetings; decision on new format for fomc meetings is new, details are still to come, "no ifs and or buts, we will deliver price stability"; 5 task forces are hard at work, have done periodic check-ins; some of the task forces will hit year-end deadline; what we've done in monetary medicine starting to work some, no firm conclusion

Fed chair warsh says inflation expectations have gone the right way; inflation expectations, amid unsettled world, have gone the right way; i feel good about the signposts; period in front of us is information rich; encouraged by progress we've made; we're working on delivery price stability; the overwhelming judgement at the fomc is that monetary medicine is starting to work; we decided to take stock of where we are, ask if period ahead will provide more clarity, our judgement is that it would

Fed chair warsh says since policy action in september we have started to see changes in financial, credit conditions; ensuring price stability is not about a fixed date on a calendar; ensuring price stability, quashing inflation, is not about an individual date, or an isolated data point; the fed has put in place 'new monetary medicine'; in september we removed a dose of accommodation; inflation compensation as measured by swaps is going the right way

Fed's warsh says information in coming period will help us determine where we want policy to be; we've decided to change fomc schedule next fall; 8 meetings is right number a year; one meeting will not have a vote on policy rate; one meeting will be focused on strategy; expect in 2028 to have 6 policy-setting meetings; important to reserve time and space for strategic deliberations, looking out over longer time horizons; new schedule will affect nature, quality of deliberations

Fed chair warsh says discussed geopolitics, technology; not surprised by financial market volatility; not surprised by market volatility bouts; real activity pointing in right direction; inflation is too high; our job is to ensure that relative price changes in some sectors do not broaden; our job is to ensure that relative price changes do not broaden out, and that inflation expectations remain anchored as they are; made clear our readiness to act

Fed chair warsh says our responsibility is to get inflation down; discussion focused mostly on inflation; discussion at fed focused mainly on price stability remit; credit conditions have tightened; market participants more discerning in capital allocations; unwilling and unable to call financial conditions tight; committee had a good discussion; but they go in direction of more durable economic growth, price stability

Fed chair warsh says the committee believes more information will help determine appropriate policy stance; committee is looking out the window, has not grown easier; growth has strengthened; q3 gdp likely above 3%; business investment likely rising by double digits; business investment likely rising at double-digit pace; payroll growth above last year's pace; employment conditions are positive

Fitch ratings says emerging threats to ai capex boom, geopolitical risks in middle east, tightened funding point to heightened risk environment into 2027; material reassessment of long-term ai monetization prospects could result in reduction in capex, with implications across ai value chain; if oil supplies through hormuz strait continue to be hampered beyond 1q27, then higher oil price scenario than our base case would materialize

Iran pressed to make nuke concessions as massive post-midterms strikes loom' - axios

Fed vote in favor of policy was 10-2, with governor lisa cook and cleveland fed president beth hammack dissenting in favor of a 25-basis-point hike

Federal reserve leaves key overnight interest rate unchanged in 3.75-4.00% range, says accumulation of more information will help determine appropriate policy stance; says inflation remains elevated; economic activity expanding at a 'strong' pace; job gains have kept pace with workforce, unemployment rate has changed little; productivity growth is strong, capital investment is robust; domestic spending has been resilient despite elevated uncertainty

Federal reserve issues fomc statement for october 27-28, 2026 (link in body)

Fed funds rate 4.00% vs 4.00% est.

USA fed interest rate decision 4.00% vs 4.00% est. (unchanged)

U.S. banking regulator warns hundreds about potential job cuts' - bloomberg law

Bz analysis: the 6-month correlation between the s&p 500 energy sector and the s&p 500 is down to -0.38, near its lowest on record

Iran foreign minister abbas araghchi, on social media, says while our brave armed forces are fully prepared to defend the homeland, iran continues to give diplomacy a chance to succeed

Trump administration advancing 2 more wind projects in iowa

Reported earlier: 'U.S. warns gulf of possible short, intense renewal of iran war after midterms' - wsj

U.S. department of health and human services announces availability of enforcement discretion policy regarding 503a compounding using certain peptide bulk drug substances; will not enforce against pharmacies, federal facilities or physicians compounding drugs using peptide bulk substances pending rulemaking; interim policy permits peptide compounding pending final rulemaking on 503a bulk drug substances list

Microsoft and google face monetization test amid expected fed pause— seagate and oil cloud ai trade

Mexican president sheinbaum says dialogue continues on trade deal with U.S., assessing whether it is feasible to reach an agreement before U.S. midterm elections

Cyclicals lead sectors in wednesday trading as real estate trails

USA gasoline inventories 3.870m barrel build vs 1.400m barrel draw est.

USA crude oil inventories 1.892m barrel draw vs 0.100m barrel build est.

Adnoc tells clients new hormuz bypass pipe to start early 2027' - bloomberg

Dot-com style rotation? strategists warn improving market breadth could be a bull trap

Top treasury trade official leaving for netflix' - axios

Stock market today: s&p 500, nasdaq 100 futures gain ahead of federal reserve interest rate decision— skhy, stx, v, googl in focus (updated)

Wholesale inventories (mom) for september 0.6% vs 0.5% est.

Goods trade balance for sept -134.90b vs -130.40b est.

Retail inventories ex auto for sept. 0.4%

Oct. 28 (today) is the best trading day of the year

Stock market: will s&p 500 open up or down today?

Anthony scaramucci says joe biden was 'actually good for the stock market,' blames trump for causing 'self-harm' to economy

Api crude oil stock 2.031m barrel draw vs 0.800m barrel build est.