Your Weekend Reading: Fed Sticks to the Script
Fed Chairman Jerome Powell played down talk of America and the world heading for a recession, remarks that helped push stocks up Friday, topping a week of gains. September’s mixed jobs report gave the Fed more ammunition to cut interest rates this month, something Wall Street also liked. But not everyone is optimistic: Billionaire hedge fund titan Ray Dalio, fresh from Burning Man, put the odds of a U.S. downturn at 25%.
What you’ll want to read this weekend
Take a tour of Switzerland’s massive hydroelectric dams.
What you’ll need to know next week
What you’ll want to see in Bloomberg Graphics
See where the 100 largest private U.S. landowners hold 40 million acres—an area the size of Florida.
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