Morning Bid: Market hesitation grows as Fed’s pause rattles sentiment

Markets showed signs of hesitation on October 30 as the Federal Reserve delivered a quarter-point rate cut but warned that further easing is not assured, causing the dollar to gain and U.S. Treasury yields to rise. The expected post-cut rally failed to materialise and risk assets remained flat. In parallel, the U.S.–China summit yielded a 12-month tariff pause and rare-earth export commitments, yet lacked detailed follow-through, prompting investor caution. Tech earnings were mixed, with massive AI cap-ex announcements adding to unease over spending discipline.