October's Must-See Financial Events: FOMC Meeting, OpenAI DevDay, Nvidia GTC Conference, and More
The third quarter of this year is drawing to a close. The U.S. stock market may break through the 'infamous September,' as major U.S. indices have continuously hit record highs during the month, though some adjustments have been observed in recent days. Looking ahead to October, investors will face a new earnings season for U.S. stocks, the Federal Reserveโs interest rate policy decision, OpenAI DevDay, and $NVIDIA (NVDA.US)$ GTC conference, along with a series of key economic indicators. โ The U.S. Senate Finance Committee has confirmed an Oct. 1 hearing to examine the taxation of crypto assets. The hearing comes amid ongoing debate over how crypto assets should be taxed. In July, pro-crypto Senator Cynthia Lummis introduced legislation seeking to update the tax code for crypto assets, arguing that existing rules are outdated and stifle innovation. Also in July, White House Press Secretary Karoline Leavitt said the Trump administration still supports de minimis tax exemptions for crypto transactions in future legislation. โข The September Non-farm payrolls and unemployment rate will be released on October 3 at 8:30 am. Non-farm payrolls increased by just 22,000 in August, significantly lower than the 75,000 forecast, while the unemployment rate rose to 4.3%. โข On October 6, OpenAI will host its biggest developer event yet in San Francisco to explore whatโs new, whatโs possible, and whatโs next with AI. This year, OpenAI will bring together more than 1,500 developers for DevDay. Speakers will include Sam Altman, Chief Executive Officer, Greg Brockman, President, and many more to come. โข On October 14th, the four major investment banksโ $Citigroup (C.US)$, $Goldman Sachs (GS.US)$, $JPMorgan (JPM.US)$, and $Wells Fargo & Co (WFC.US)$โwill release their earnings before the U.S. stock market opens, marking the beginning of a new earnings season.