🇺🇸 US Macroeconomic Data:

▪️ Initial Jobless Claims

ACTUAL: 216K
FORECAST: 226K
PREV.: 222K

▪️ Core Durable Goods Orders (MoM) (Sep)

ACTUAL: 0.6%
PREV.: 0.5%

▪️ Durable Goods Orders (MoM) (Sep)

ACTUAL: 0.5%
FORECAST: 0.5%
PREV.: 3.0%

📙 Beige Book #Fed:

▫️ Economic activity has changed little. Most districts show no significant shifts, a few show slight declines or growth.

▫️ Consumer spending continues to decrease.

▫️ Overall production has slightly increased, although uncertainty and tariffs continue to restrain company plans.

❗️Employment has slightly decreased, about half of the districts report weaker labor demand. Companies are more often freezing hiring, cutting vacancies, or reducing hours instead of direct layoffs.

▫️ In some districts, firms report that the implementation of AI has reduced the need for additional staff, especially in basic positions.

❗️Wages are rising moderately, but costs for insurance, healthcare, and compensation packages continue to pressure company expenses.

▫️ Prices are rising at a moderate pace (inflation) – tariffs, insurance, utilities, technology, and healthcare remain key factors driving up costs. Many companies cannot fully pass these costs on to customers.

▫️ Demand for loans across the country appears mixed – weaker in some places, more stable in others.

▫️ District expectations overall change little – forecasts indicate moderate activity, but the risk of economic slowdown (❗️) in the coming months is increasingly mentioned. Some manufacturers remain cautiously optimistic.

Successful #traders don’t quit. THEY; Adjust, adapt, and keep going..

The odds of a #rate cut in December is now 84.9%.

The #FOMC is in 13 days.