TechFlow news, October 29: QCP released a bulletin stating that the Fed's FOMC meeting tonight is expected to cut interest rates by 25 basis points, but lacks official data support. The U.S. government shutdown has left the Federal Reserve "flying blind," unable to access inflation and employment data, limiting policy adjustment room. Meanwhile, U.S.-China trade relations remain tense due to national security issues such as rare earth metals, although a meeting between Trump and Xi may ease tensions. AI continues to drive optimism in the stock market, despite bubble risks. The cryptocurrency market remains weak due to insufficient liquidity following the October crash, with digital asset treasuries (DATs) trading at deeper discounts intensifying selling pressure, leaving the market exposed to further downside risks.
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