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The Federal Reserve released minutes from its September meeting, revealing a divided Committee navigating competing pressures. The 11-1 vote cut rates by 25bp to 4.00%-4.25%, with a slim 10-9 majority expecting two more cuts by year-end.

SPY closed the week at $669.21, up $5.53 or 0.83% from the previous week's close. The market showed strong momentum with 4 positive days and 1 flat day as markets navigated key macro events including the government shutdown and Fed commentary.
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