According to Reuters Business, the Dow closed lower and the S&P 500 finished near flat after the Federal Reserve cut interest rates, while Chair Jerome Powell said another rate cut in December is far from assured (source: Reuters Business). For crypto traders, the pairing of an immediate cut with uncertainty over a December move is a macro catalyst to monitor for BTC and ETH alongside U.S. equities during the FOMC cycle (source: Reuters Business).

According to @KobeissiLetter, the S&P 500 fell nearly 1% from its intraday high after Fed Chair Jerome Powell said a December rate cut is "far from" certain, triggering a risk-off move in U.S. equities (source: @KobeissiLetter). For traders, the update signals reduced confidence in near-term easing into December, a macro headwind that desks are watching across equity futures and volatility gauges (source: @KobeissiLetter). Crypto market participants tracking macro-driven risk sentiment can monitor cross-asset volatility for spillover effects from the Fed outlook shift (source: @KobeissiLetter).