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Fed Poised for 25 Basis Point Rate Cut Amid Positive Market Sentiment
29 Oct
Summary
- 99.9% probability of 25 basis point rate cut in October
- Asian markets end Wednesday trading session on a positive note
- Nvidia shares surge 4% in pre-market, nearing $5 trillion market cap
On October 30, 2025, the financial markets are anticipating a 25 basis point rate cut by the Federal Reserve during its upcoming meeting. According to data from the CME FedWatch tool, there is a 99.9% probability of this rate cut occurring.
Asian markets ended Wednesday's trading session on a positive note, with the Nikkei 225 leading the gains at 2.16%, followed by the KOSPI at 1.73% and the TWSE Capitalization Weighted Stock index at 1.22%. The Shanghai Composite index also rose 0.7%, while the Hang Seng was closed for the Double Ninth festival.
In the U.S., the markets are poised for a positive opening on Wednesday. Dow Jones futures were up 0.14%, the S&P 500 futures gained 0.24%, and the tech-heavy Nasdaq 100's futures rose 0.41%. Notably, Nvidia shares surged 4% in the pre-market trade, with the company's market capitalization on the verge of hitting the $5 trillion mark.
