US Equity Index, Gold, and Silver futures dropped early as the probability of a December rate cut, according to the CME Fed Watch tool, fell just over 50% from 95% on October 13th. The two-year, five-year, and 10-Year US Treasury yields were all up this morning. Chicago Fed President Austan Goolsbee cited the lack of inflation data, following the US government shutdown and delayed economic data, as a reason for his caution on cutting interest rates. Copper, WTI Crude Oil futures, and the dollar are all higher early. Atlanta Fed President Raphael Bostic is scheduled to speak today, and a $25 billion auction of 30-Year Bonds is expected.
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