US stocks topped returns for the major asset classes in October, regaining the leadership position for the first time in five months, based on a set of ETFs.
Daily Archives: November 3, 2025
Macro Briefing: 3 November 2025
Federal Reserve Governor Stephen Miran says another rate cut is needed in December to lower US recession risk. “If you keep policy this tight for a long period of time, then you run the risk that monetary policy itself is inducing a recession,” he told The New York Times on Friday. “I don’t see a reason to run that risk if I’m not concerned about inflation on the upside.” The Fed funds futures market is pricing in a 63% probability for another 1/4-point rate cut at the next FOMC meeting on Dec. 10.
