BTCUSDT The Core PCE index, the Fed's preferred inflation gauge, reported a softer-than-expected increase of 2.6% YoY (forecasted 2.7% YoY). This has increased the market's anticipation of a potential 50bps cut at the next FOMC meeting, with probabilities now at 53% for 50bps versus 47% for 25bps. Following this data, the DOW closed at a record high, climbing 137.89 points
SPX Israel’s military launches an “unprecedented” attack on southern Beirut with dead and wounded at the scene and buildings brought down in the southern suburb of Dahiyeh. Israeli Prime Minister Benjamin Netanyahu decries “lies and slander” at the UN General Assembly, threatens Iran, and vows to continue “degrading” Hezbollah in Lebanon as delegates storm out in protest.
BTCUSDT Coinbase Research: The correlation between crypto and stock markets has been high lately, near 50%, driven by global easing campaigns in the US and China. Gaming, Scaling Solutions, and Layer-0 were some of the best performing sectors. Overall, key metrics indicate a robust market. The market is well positioned to head into what is typically a good month for crypto with BTC up 8 of the last 10 Octobers.