Podcast: How the ‘apolitical’ Fed moves during presidential elections

Pending home sales were unchanged in September from the prior month, the National Association of Realtors said. Year over year, pending transactions were down 0.9%.

The Federal Open Market Committee announced that it will lower the target range for the federal funds rate by 25 basis points to 3.75%-4%. Two FOMC members voted against the cut.

The Consumer Confidence Index was 94.6 in October, down from 95.6 the previous month, the Conference Board said.

Home prices increased 1.5% in August compared to the same month a year ago, down from a 1.4% rise the previous month, according to the S&P Cotality Case-Shiller Index.

The price of gold closed at a peak of $4,336 on Oct. 20 marking a 50% increase since the start of 2025.

The University of Michigan Consumer Sentiment Index decreased 2.7% in October compared to the month prior, landing at 53.6, according to final results for the month.