Jin10 Summary: Fed Holds Rates, Bank of Canada Raises Rates

TechFlow news, Oct. 29, according to Jin10 Data, the Fed kept rates unchanged at its October meeting; Hammack and Cook favored a 25BP hike; the statement said the economy remains strong and emphasized the need to gather more information before further action. Warsh said financial conditions have tightened but are not restrictive, and starting next year there will be fewer policy meetings. The Bank of Canada raised rates for the first time in more than three years and may hike again in the future.

Domestically, as of Oct. 28, all new policy-based financial tools for 2026 have been fully disbursed, totaling RMB 800 billion. Investment institutions generally believe the market has overreacted, and some pension, insurance, and public mutual fund institutions have increased buying.

On the corporate front, Microsoft's quarterly Azure revenue grew 48% above expectations, and free cash flow remained stable; Google's quarterly revenue and profit both missed expectations, putting pressure on AI investment returns. Unitree Technology's Q3 net profit fell 17% year over year.

Source: TechFlow