The S&P 500 reached a new all-time high on Tuesday, though the rally is concentrated as only three of eleven sectors have gained since August 13. Meanwhile, gold prices edged lower as the US dollar strengthened and Treasury yields climbed ahead of a closely watched 10 year Treasury auction and the release of the Federal Reserve's minutes from its unanimous 25bp rate hike in September.
Tuesday, October 20, 2026
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October Fed Hike Odds Drop to 20% Before Policy Minutes
US Markets13 days ago
The records of the most recent monetary policy session will be published early on the 8th of the month in Beijing time to reveal how officials view the economic landscape. Market participants have cut the probability of another interest rate increase in October to 20% from 55%, following softer inflation and payroll data, though 14 of 18 officials indicated in September that they expect another 25 to 50bp of tightening by the end of 2027.
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