Stock Market Update
08-Oct-25 14:30 ET
Stocks hold gains as Fed Minutes signal likely rate cuts this year, inflation risks persist
Dow +73.91
at 46676.68,
Nasdaq +226.79
at 23015.17,
S&P +39.54
at 6754.12
[BRIEFING.COM] The major averages held firm after the FOMC minutes showed that most officials believe it will likely be appropriate to ease policy further before year-end. The S&P 500 (+0.59%) hovered near session highs.
A majority of participants, however, emphasized lingering upside risks to inflation, citing recent readings that have drifted further from the 2% target, ongoing uncertainty surrounding tariffs, and the possibility that inflation could remain elevated longer than expected even after this year's tariff effects fade. Others noted that they now see less upside risk to inflation than they did earlier in the year.
The minutes also highlighted that markets viewed recent data and FOMC communications as signaling little change in the baseline outlook, though downside risks to the labor market were seen as having increased.
Treasury yields are narrowly higher compared to pre-minutes, with the yield on the 10-yr up less than one basis point at 4.136%.
