📊 Both central banks moved and stocks rose for a third straight day. The S&P 500 gained 0.28% to 7,743.98, the Nasdaq added 0.27%, the Dow climbed 0.19% and Canada’s S&P/TSX Composite rose 0.26%. 🍁 The Bank of Canada raised its policy rate 25 basis points to 2.5%, its first hike since July 2023, and said more may be needed. Tiff Macklem blamed higher oil prices for a deteriorating inflation outlook, lifting the 2027 forecast to 3.1% from 2.0%. The next decision is December 9. 🏛️ The Fed held at 3.75% to 4% after September’s hike, as traders expected. Kevin Warsh said the central bank stays focused on price stability and called the employment picture quite positive, stopping short of ruling out another increase before year-end. 🗄️ Oracle ($ORCL) jumped 10.73% to $144.54 after guiding to $225 billion in fiscal 2030 revenue, implying 35% average annual growth. The company also capped additional fundraising through 2030 at $20 billion, addressing the debt worries that have dogged AI names. 🌶️ Brinker International ($EAT) climbed 15% after the Chili’s owner raised full year guidance to $13.30 to $13.90 per share against a $13.28 FactSet consensus, and lifted its revenue outlook too. 🔐 F5 ($FFIV) tanked about 19% on soft fiscal 2027 guidance of $18 to $18.30 per share against the $18.03 expected. Piper Sandler also cut the cybersecurity company to neutral. 👨🏻💻 Researched and written daily by @timemino
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The Bank of Canada hiked to 2.5% and says more could be needed. Does another hike land on December 9?
Yes, they’re not done
No, 2.5% holds
126 votes · 5d left
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