📈 Macroeconomic Analysis and Nvidia Results

🏛️ Federal Reserve

• Minutes reveal deep divisions over a possible rate cut in December

• Majority concerned about inflation risks vs. labor market risks

• Markets reduce the likelihood of a cut in December to just one third

💹 Nvidia Q3 2025

• Revenue: $57B (+62% year-on-year)

• Adjusted EPS: $1.30, exceeding expectations

• Q4 Forecast: $65B (±2%), above consensus

• Reiterates revenue >$500B for the next five quarters

🌍 Geopolitics

• U.S. pressures Ukraine to accept a ceasefire framework with Russia

• China announces economic retaliation against Japan, suspending seafood imports