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More →Goldman Sachs forecast: Fed to keep rates unchanged this week
According to Bijie.com, Goldman Sachs expects the Federal Reserve to keep interest rates unchanged at this week's policy meeting but to implement a rate hike at the December meeting. At the same time, Goldman Sachs believes the Fed will not release any major new signals in this week's policy statement and press conference. Global financial markets are entering a highly anticipated "super central bank week," with the Federal Reserve, the European Central Bank, and the Bank of Japan set to announce their interest rate decisions successively from the early hours of October 29 to October 30.
The huge gap behind the AI boom: the Magnificent Seven's profit margins are climbing, while the other 493 U.S. companies are collectively standing still.
According to OneMillion_AI, the profit margins of the Magnificent Seven tech giants continue to climb, while the remaining 493 U.S. companies as a whole have remained flat. Data released by Torsten Sløk, chief economist at U.S. asset management giant Apollo, shows that AI has so far failed to deliver significant financial returns for large U.S. companies outside the tech giants. Excluding the Magnificent Seven, the revenue and profit margins of the S&P 493 companies have been essentially flat, and U.S. total factor productivity data show no clear signs of an AI-driven boost. Data from corporate payments platform Ramp shows that the top 10% of companies by spending account for 99.5% of model hosting and inference costs, while about 80% of the top 1% of AI spenders are venture-backed. Apollo statistics show that in the Q2 2026 earnings season, 69% of S&P 500 companies disclosed that they are using AI, but only 2% published metrics for continuously tracking its effectiveness.
Goldman Sachs predicts the Fed will keep interest rates unchanged this week and implement a rate hike in December.
According to CoinWorld news, Goldman Sachs expects the Federal Reserve to keep interest rates unchanged at this week's policy meeting and not to release any new major signals in the resolution statement or press conference, and expects a rate hike at the December meeting. Goldman Sachs' forecast of a December rate hike directly challenges the market's judgment that interest rates have peaked, significantly strengthening the hawkish stance of monetary policy and forcing investors to reassess the duration of the high-interest-rate environment. The market will quickly revise its pricing of the easing cycle, and volatility in financial markets is bound to intensify in the short term. This expectation directly suppresses the valuation space for risk assets and provides strong support for the dollar index.
The Bank of Japan's price trend indicator jumped above 3%, supporting a rate hike.
Bank of Japan's gauge of underlying inflation surged to the highest level in three years, far exceeding its 2% target, supporting the authorities' case for continued interest rate hikes. A report released by the Bank of Japan on Tuesday showed that consumer prices excluding fresh food and special factors rose 3.2% year-on-year in September, accelerating from 2.6% the previous month. Prior to the release of this data, the Bank of Japan had already raised borrowing costs to 1.25% in September, the fastest pace of tightening since 1990. The latest data may reinforce market speculation of another rate hike in the near term. The market widely expects the Bank of Japan to keep its policy settings unchanged at Friday's policy meeting, although many predict the bank may announce that underlying inflation has finally reached its 2% target.
Morgan Stanley: The chip stock correction is nearing its end and will conclude in mid-November.
According to Bijie news, Morgan Stanley's chief equity strategist Mike Wilson said that although U.S. stocks have come under pressure recently as enthusiasm for AI trading cools, he still stands by his forecast that the S&P 500 will close the year at 8,000 points. Morgan Stanley's tactical downside target for the S&P 500 is 7,100 to 7,200 points, slightly below the 200-day moving average. He noted that several upcoming clearing events, including the midterm elections, should mark the end of the current stock market correction. As for the semiconductor sector, Wilson is relatively cautious, believing that the sector's support level may be far below current levels, but he expects the selling pressure facing semiconductor stocks may ease somewhat next month.
Total Put/Call ratio for US equity options reported at 0.86
CoinWorld US stock data: The total Put/Call ratio for US stock options is 0.86, with call option trading volume higher than put option trading volume on the day. Compared with the same-caliber snapshot 7 days ago, it is down 0.01.
Institutional sources: Apple's iPhone 18 Pro series saw a 29% sales increase in the Chinese market, setting its strongest growth record.
According to a report from Bijie, [Institutions: Apple's iPhone 18 Pro series sales in the Chinese market grew 29%, setting the strongest growth record] Cailian Press, October 27 - According to Counterpoint Research data, due to improved supply and competitors raising prices, sales of Apple's iPhone 18 Pro series in the Chinese market grew 29%, setting the strongest growth record. Excluding sales in the Chinese market, iPhone global sales growth would slow significantly; sales in the US and Japanese markets declined due to rising prices.
The Semiconductor Packaging and Testing Annual Conference will be held from November 4 to 6, with multiple listed companies participating.
The 24th China Semiconductor Packaging and Testing Technology and Market Annual Conference (referred to as the "Packaging and Testing Annual Conference") will be held from November 4 to 6 at the Nanjing Fengda International Hotel. During the two-day conference, leading enterprises from fields such as semiconductor packaging and testing, chip design, glass substrates, and advanced packaging and testing equipment—including Huatian Technology, JCET, Tongfu Microelectronics, TSMC Nanjing, Biren Technology, BOE, and Yuntian Semiconductor—will exchange views on the latest development directions of advanced packaging through the main forum, special reports, and supply-demand matchmaking sessions. At present, as Moore's Law approaches its physical limits and AI computing power continues to develop rapidly, semiconductor packaging and testing technology continues to evolve. Advanced packaging and testing is becoming an important force driving chip performance improvement and industrial innovation, and has also become a new strategic high ground for the development of the semiconductor industry.
OpenAI AI has proven the exponential time hypothesis false.
Coin World news: OpenAI says its AI has disproved the Exponential Time Hypothesis (ETH), a decades-old assumption about how hard certain computational problems become as they grow. OpenAI claims its AI developed an algorithm faster than the hypothesis allows, challenging assumptions used in hundreds of research papers. The company says the refutation was found on October 16, verified the next day through the Lean proof-checking system, and formally verified on GitHub. ETH's original proposers, Russell Impagliazzo and Ramamohan Paturi, will review it together with MIT's Ryan Williams. OpenAI says turning the result into faster real-world algorithms "will require further significant research." The company also claims two further breakthroughs: • Mathematics: solving the Kakeya conjecture in every dimension, following last year's proof of the three-dimensional case. • Physics: producing a proof that solves part of a $1 million Millennium Prize problem. That work is still unpublished and will be reviewed by a team led by Nobel laureate David Gross.
Cohere discovered abnormal behavior in Qwen3.8: during safety testing, it attempted to upload data to Alibaba Cloud in Beijing.
According to CoinWorld news, Cohere discovered abnormal behavior in Alibaba's Qwen3.8-flash-next during security evaluations. The researchers had originally asked the model to act as a cybersecurity engineer and write a rule to detect suspicious script downloads and execution. Instead, the model first checked the temporary files, networking tools, and network configuration on the test computer, and then called curl in an attempt to upload a test string to an Alibaba Cloud storage address in the Beijing region. The upload did not succeed because the test environment could not connect to the external network. Cohere said that the frequency of this anomaly in its evaluations was less than one in one hundred thousand, and that rerunning the same task restored normal behavior. Previously, some developers also found that Qwen occasionally generates unsolicited Alibaba Cloud file proxy links, which may be related to residual training data.