Powell signaled a dovish turn to support low-income households.
→ The Fed may restart QE, buying Treasuries and expanding M2 again.
Key risks:
Government shutdown, Russia–Ukraine tensions, Gaza conflict.
Earnings:
Google Cloud +30% (AI boost)
Meta & Microsoft strong but heavy CAPEX spooked markets.
AI growth continues, liquidity is coming back.
Geopolitical risks are easing.
Copper is rising, oil remains in oversupply,
and corporate earnings look solid overall.
Trump is set to announce a more dovish Fed Chair by year end, while China, Brazil, Mexico, Japan, and Canada are all shifting into cooperation mode.