Thomson Reuters File photo of US Federal Reserve Chair Yellen holding news conference following two-day Federal Open Market Committee meeting in Washington
The Federal Reserve's statement on Wednesday is about one thing: confirmation.
The Federal Open Market Committee will conclude its two-day policy meeting in Washington on Wednesday. And in its statement afterward, market participants want to be convinced that the committee will raise its benchmark interest rate in December.
Ahead of the meeting's conclusion, here's a quick Q&A with one of Wall Street's top Fed watchers.
In US markets news, Treasurys are getting slammed. The Mexican peso dived after a new poll showed Trump leading Clinton by one point. American manufacturing keeps expanding. And Tronc is crashing after Gannett terminated buyout talks.
Over in the UK, Crispin Odey, founder of Odey Asset Management and backer of the Vote Leave campaign, told clients to prepare for a recession and higher inflation in the wake of the Brexit vote. Hugh Hendry at Eclectica Asset Management had a dark warning, meanwhile. "We fear a storm is coming," he told clients.
Elsewhere in hedge fund news, there's a new "Surprise Law Enforcement Response" app for hedge funds in case they're raided by the FBI. And hedge funds need to stop hiring the same white, male Wall Streeters they always have, according to Richard Stein at Options Group.
Factory activity in China just grew at its fastest pace in over two years. And it's not just the Chinese government saying factory activity is improving. One of Wall Street's brightest China minds told us what is really going on in the country.
In other news, the government can't be trusted to collect source code and other private property, according to former CFTC commissioner Bart Chilton. The fintech startup founded by ex-Barclays CEO Antony Jenkins has already done its first big deal. And the Affordable Care Act is facing a huge test.
Lastly, take a look inside New York City's hottest Halloween party, a masquerade ball where guests paid $300 just to get in.
Here are the top Wall Street headlines at midday
The fascinating theory that "The Economist" magazine covers are like cabbies offering share tips - The Economist magazine is known for many things, including thought-provoking covers on what's happening in the global economy, markets and politics.
TOP WALL STREET BANKER: "What woman has not been told that she rubs people the wrong way?" - Barbara Byrne is a powerful force on Wall Street.
Thomson Reuters is cutting 2,000 jobs - Thomson Reuters said on Tuesday that it would eliminate about 2,000 jobs worldwide and take a fourth-quarter charge of $200 million to $250 million to streamline its business.
Analyst thinks lots of people will use online 'robo advisors' to invest - and Facebook and Google could even get involved - Analysts at asset manager Bernstein are bullish on the prospects of so-called robo advisors - digital wealth managers that offer investment strategies on the cheap.
Pfizer misses on earnings, says it's abandoning its cholesterol drug - Pfizer, the largest US drugmaker, reported a quarterly adjusted profit that just missed analysts' estimates, and the company shaved 4 cents off its 2016 earnings forecast after scrapping development of a cholesterol-lowering treatment.
Here's what the CEO of Cigna does to stay in shape when he can't get to the gym - Cigna CEO David Cordani works out every day.