Market 10/09: FED Divided on Interest Rate Policy

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Key highlights:

• FOMC: FED more divided on rate cut magnitude than thought

• 39 billion 10-year bonds auction fails

• China continues adjustment day 2

• Wholesale activity weaker than expected in August

• Gasoline and oil demand continues to drop sharply last week

• Boeing halts negotiations with union

• Justice Department may break up Google

• Hurricane Milton will cause $115 billion in damage

• Market shrugs off interest rate fears, SPX pushes past previous high