Market Brief 10 October, 2024

Good evening, investors and traders! The markets are showing positive momentum today, with the S&P 500 Index (GSPC) up 0.71% to 5,792.04 and the Nasdaq 100 Index (NDX) gaining 0.8% to 20,268.86. Several key news items are impacting the market, including the release of the US CPI report, which showed inflation rising slightly more than expected in September. The Fed's recent statements on interest rates are also influencing market sentiment, with some officials suggesting a pause in rate cuts in November. In addition, Ripple Labs has filed a cross-appeal in its case against the SEC, adding to the ongoing legal battle over XRP's regulatory status. Finally, the FBI has launched a fake cryptocurrency token to expose market manipulators, highlighting the growing focus on crypto fraud and regulation.