Fed Flying Blind Ahead Of Rate Decision… And A Homebuying Bummer 10/28/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 28 October 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

All eyes on the Federal Reserve ahead of tomorrow’s rate decision. The data, or lack there of, helping shape the central bank’s next move, and how broader markets will respond. Plus Waiting on interest rates to drop? Don’t hold your breath. Why a top mortgage economist says it may be years before we see rates drop below 6%, and the impact it could have on the housing sector. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASAC market site in the heart of New York City's Times Square, this is fast money.
0:06.3	Here's what's on tap tonight. InVIDIA closing in on the $5 trillion mark, all the headlines in today's GTC event driving the stocks move and the groundwork it lays for the rest of mega-cap tech.
0:16.1	Plus mounting layoffs, Amazon and UPS joining the growing list of companies cutting white-collar workers.
0:22.1	What signal does ascend to the Fed ahead of tomorrow's decision?
0:25.4	And mortgage mayhem, rates may have come down from recent highs, but one top housing economist says homebuyer should not expect further relief anytime soon.
0:34.1	His stark warning is coming up.
0:36.3	I'm Melissa Lee.
0:37.0	Come to you live from studio, be at The NASDAQ on the desk tonight.
0:39.2	Tim Seymour, Bono and Eisen, Dan Nathan, and Guy Adami. We start off with that monster move in
0:43.9	NVIDIA today, the semi-giant getting even more giant pulling within a stone's throw of the $5 trillion mark.
0:49.8	The stock jumping nearly 5% and adding more than $230 billion to its market cap just today.
0:56.0	That is nearly one whole Goldman Sachs.
0:58.7	And the move coming is Nvidia host its second GPU technology conference of the year,
1:02.6	where it announced partnerships with companies, companies from Nokia, CrowdStrike and Palantir to Lowe's and Uber.
1:08.3	CBC's Christina Parks, Nevelas, spoke with NVIDIA CEO.
1:11.3	Jensen Huang this afternoon. She joins us from the conference in D.C. Christina. Melissa, can you believe that I was talking to a chip analyst who said, how long is it going to take for NVIDIA to hit $6 trillion? We're actually even talking about $6 trillion, given $5 trillion is around the corner. We really saw NVIDIA shares going into this
1:27.5	event, GTC, just up marginally, not even half percent, but inch closer and closer to $5 trillion,
1:33.6	really moving higher at the end of the keynote after Jensen did say, quote, or I should say
1:39.6	cumulative demand for Blackwell and Ruben chips have reached $500 billion in orders through calendar
1:45.7	2026.
1:46.7	And that doesn't include their networking business.
1:48.7	So that could be major upside to street numbers that doesn't necessarily even include China.
	...

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