Stock Market Update
01-Oct-26 14:00 ET
Rate-hike odds continue to decrease
Dow -34.27
at 50871.69,
Nasdaq +48.38
at 26930.48,
S&P +13.94
at 7665.58
[BRIEFING.COM] The major averages remain mostly higher following an intraday retreat in Treasury yields.
Fed Vice Chair Phillip Jefferson (voting FOMC member) added some encouragement to the notion that the Fed may keep rates on hold at the next FOMC meeting in a recent speech, saying, "My view is that any future adjustments in policy should be determined by carefully examining trends in the data, the evolving outlook, and the balance of risks; My colleagues and I will need to come to our own judgment, which may take more time."
The CME FedWatch tool now assigns a 74% probability to the Fed keeping rates on hold at the October FOMC meeting, up from 62.4% yesterday and 31.4% yesterday.
