Today’s market buzz

The Fed meets Oct 27-28 and is in its pre-meeting blackout period. Markets now price a 92.8% chance of unchanged rates. Inflation pressures persist, while jobless claims fell to 194,000 in the week ended Oct 17, near multiyear lows, signaling economic resilience. The US 10-year Treasury yield fell below 5%. As an October pause becomes the consensus, attention turns to guidance on the future rate path and whether another hike remains possible in December.