Further Fed rate hikes may not necessarily be a mistake

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• Gold slips after Fed holds rates, PCE inflation data in focus

  Spot gold fell 0.4% to $4,051.91 an ounce after the Fed held its benchmark rate unchanged in a 10-2 vote. Chair Kevin Warsh said the Fed could cut its scheduled policy meetings from eight to six annually starting next fall. Traders still expect a rate increase in December as high energy prices complicate efforts to control inflation, and they are waiting for Thursday's September PCE data. Gold has fallen 2.5% in October and is on track for a second straight monthly decline, after some investors sold bullion to cover losses from last week's AI-driven stock rout. Goldman Sachs estimates central banks bought 79 tonnes of gold in August, with China accounting for 25 tonnes; Rick Kanda of The Gold Bullion Company said sustained central-bank demand could support prices over the long term.

  Yahoo Finance·29/10, 01:51▼ XAU/USD▼ PAXG/USDT▼ XAUT/USDT• DXYgoldFedinterest rates
• Here are five key takeaways from the Fed rate decision and Warsh news conference

  The Fed held its benchmark rate steady as widely expected, stressing a patient approach while it gathers more information on inflation's return to the 2 percent goal. Starting in 2027 the committee will still meet eight times, but one meeting will have no rate vote or post-meeting statement, and strategy meetings rise to two, leaving six chances to adjust rates outside emergency meetings. Governor Lisa Cook and Cleveland Fed President Beth Hammack both dissented; Cook had not dissented at all since joining in 2022, which made her vote a surprise. Chair Kevin Warsh said AI is one of several factors driving a strong expansion. The press conference was cut to half an hour, with reporters limited to one question each.

  CNBC·28/10, 21:31• DXY• SPY• QQQ• BTC/USDTFedinterest ratesKevin Warsh
• Fed chairman talks tough on inflation — plus, what's behind Micron's big rally

  The Fed held its target range at 3.75% to 4% at its October meeting, saying inflation remains elevated, with two dissenters who wanted a rate hike. Chair Kevin Warsh reiterated the 2% inflation target, stressing there is no soft target, and said the Fed will reduce its rate-setting meetings in coming years. Market odds of a December rate hike stayed above 80%. Memory stocks rallied after SK Hynix reported soaring quarterly revenue and profit: its U.S.-traded shares rose over 12.5%, and Micron gained nearly 6% for a fourth straight session, though still about 19% below its June record close of $1,213 and up 240% year to date. Apple also released its first touchscreen laptop, with MacBook Pro models starting at $2,899.

  CNBC·28/10, 19:17▲ DXY▼ XAU/USD▼ SPYFedinterest ratesinflation
• Fed Keeps Interest Rates Unchanged

  The Fed kept its benchmark rate at 3.75%-4% on October 28, after raising it last month for the first time since July 2023, as markets had expected. While acknowledging that inflation is "still accelerating," the Fed raised its assessment of the economy and said further hikes may be needed depending on upcoming inflation data. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, both wanting a 25-basis-point (0.25%) hike. Chair Kevin Warsh said the economy is getting harder to assess, inflation has been above target for nearly 6 years, and the Fed may reduce the number of rate-setting meetings starting in 2027. Markets were mixed: the Nasdaq Composite fell 0.13%, the S&P 500 and DJIA edged higher, and spot gold dropped over $20 to $4,035 an ounce.

  VnExpress·28/10, 18:22• DXYFedinterest ratesinflation
• Fed holds rates steady despite concerns over inflation

  The Federal Reserve kept its benchmark overnight funds rate in the 3.75%-4% range, as widely expected, after raising it by a quarter percentage point in September, and said inflation remains elevated. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, both wanting a quarter percentage-point hike, while Logan and Kashkari, who had dissented in July, joined the majority. The administration has restarted its effort to remove Cook after the Supreme Court halted earlier attempts, with a hearing scheduled for early November. Activity was described as expanding at a strong pace, and futures pricing pointed to a strong possibility of another hike in December, while Chairman Kevin Warsh has avoided providing forward guidance. Inflation by the Fed's preferred gauge is expected to be above 3% for September excluding food and energy, while the Atlanta Fed's GDPNow tracker points to 3.4% annualized growth in the third quarter.

  CNBC·28/10, 18:04▲ DXY▼ XAU/USD▼ BTC/USDT• QQQFedinterest ratesinflation
• Fed Rate Decision: What Markets and Bitcoin Traders Can Expect

  The Fed announces its rate decision at 2 p.m. ET today, with Chair Kevin Warsh's press conference to follow, and futures and prediction markets put the odds of a hold above 90%. The target range is 3.75%–4.00% after September's 12-0 hike, and inflation was 3.7% in the 12 months through September, with oil near $100 a barrel. Hiring is slowing, with employers adding just 29,000 jobs in September against forecasts of about 90,000. Higher inflation pushes up Treasury yields, with the 10-year near 5% after peaking at 5.31% on Oct. 5, which pulls money from riskier assets, and bitcoin trades around $80,700. Markets give 75% to 80% odds of another quarter-point hike at the Dec. 8-9 meeting, and analysts call the likely outcome a 'hawkish hold'.

  Decrypt·28/10, 15:15• BTC/USDT• DXY• XAU/USDFedinterest ratesinflation

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• Asia stocks fall as Alphabet, Samsung results disappoint; more tech earnings loom

  Asian stocks fell on Thursday as disappointing results from Alphabet and a sell-off in Samsung Electronics weighed on tech shares. Alphabet shares slumped about 10% in after-hours trading after results missed expectations and signalled heavy AI infrastructure spending, while Microsoft gained about 3%. South Korea's KOSPI fell about 3% as Samsung Electronics (KS:005930) dropped nearly 6% despite record third-quarter earnings, on a semiconductor profit miss and no immediate details on extra shareholder returns. Samsung's mobile unit posted an 800 billion won operating loss on higher memory costs. The KOSPI had rallied nearly 7% on Wednesday after SK Hynix (KS:000660) jumped 11% on strong profit and a 100 trillion won ($75 billion) shareholder-return plan.

  Yahoo Finance·29/10, 04:31▼ GOOGLGOOGLearningsartificial intelligence
• Cambodia's gold reserves hit a record high

  According to the IMF, Cambodia's official gold reserves reached a record 57.3 tonnes (about 1.84 million ounces) in the first half of 2026, up 5.3% from 54.4 tonnes at end-2025. Holdings stayed near 399,800 ounces from 1998 to mid-2015 before rising steadily. Analyst Chey Tech said the increase reflects confidence in the economy and the riel, and described public debt as manageable, with reported net debt of $13.56 billion in Q2 2026.

  CafeF·29/10, 04:25▲ XAU/USD▲ PAXG/USDT▲ XAUT/USDTgoldforeign reservespublic debt
• Nvidia Shareholders Have a Major Reason to Be Bullish After Jensen Huang's Latest Announcement

  At Nvidia's GTC conference in Berlin from October 20 to 22, CEO Jensen Huang unveiled server racks combining 72 next-generation Vera Rubin GPUs, 256 custom language processing unit chips and Vera CPUs, designed to help data centres become “AI factories”. Nvidia says its sales opportunity per gigawatt of compute has risen from $18 billion with Hopper to $25 billion with Blackwell and $40 billion with Vera Rubin, aided by CPU integration that targets AI inference. Huang estimated a 1-gigawatt AI factory costs operators about $50 billion to set up and could generate roughly $40 billion in annual revenue, while a three-month delay in bringing one online could forfeit $10 billion in potential sales. The article calls this a bullish development for shareholders, though concerns about an AI valuation bubble have caused volatility across the sector.

  Yahoo Finance·29/10, 04:20▲ NVDANVDAartificial intelligencedata centers
• Vietnam's public debt is around 34% of GDP

  Prime Minister Lê Minh Hưng said at a dialogue with WEF CEO Stephan Mergenthaler at the Autumn Economic Forum 2026 in Ho Chi Minh City on 28 October that Vietnam's public debt is about 34% of GDP, leaving fiscal room to support people and businesses during economic shocks and to fund strategic infrastructure. He outlined five measures to strengthen resilience: keeping political and social stability and macroeconomic fundamentals sound; improving institutions and legal frameworks; building modern infrastructure and promoting science, technology and digital transformation; reforming education and vocational training; and broadening foreign relations. Vietnam aims to become an emerging hub for digital technology, new energy, green energy and green agriculture by 2035, and a reliable link in regional and global supply chains.

  CafeF·29/10, 04:13public debtVietnampublic spending
• What Microsoft (MSFT) Said on Its Q1 Earnings Call

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  Yahoo Finance·29/10, 04:04• MSFTMSFTearningscloud computing
• Trump methane policy rollback may have minimal impact on crude prices, EPA says

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  CNBC·29/10, 04:00oil pricesregulationnatural gas