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December, 2024

  • 19 December 2024 4:27 pm

    U.S. Stock Futures Rebound Amid Fed’s Cautious Rate Path for 2025

    U.S. stock index futures edged higher Thursday, recovering some losses from Wednesday’s sharp sell-off after the Federal Reserve signaled a slower pace of rate cuts in 2025. At 06:00 ET (11:00 GMT), Dow Jones Futures rose 140 points (+0.3%), S&P 500 Futures gained 21 points (+0.4%), and Nasdaq 100 Futures …

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  • 19 December 2024 3:31 pm

    Putin Signals Readiness for Dialogue with Trump Amid Domestic and Geopolitical Challenges

    On Thursday, Russian President Vladimir Putin expressed his willingness to engage in dialogue with U.S. President-elect Donald Trump. While details regarding a potential meeting remain unclear, Putin used his annual press conference to address a wide array of topics, from the conflict in Ukraine to Russia’s economic outlook and military …

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  • 19 December 2024 3:02 pm

    Oil Prices Steady as Fed’s Policy Signals Cast a Shadow on Demand Outlook

    Oil prices remained relatively flat on Thursday, recovering from earlier losses but still trading below Wednesday’s close. Brent crude futures edged down 3 cents to $73.36 per barrel, while U.S. West Texas Intermediate crude slipped 2 cents to $70.56 per barrel by mid-morning trading in London. Fed Signals Slower Rate …

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  • 19 December 2024 12:38 pm

    Bank of Japan Holds Rates Steady but Signals Potential Tightening Amid Rising Inflation Risks

    The Bank of Japan (BOJ) opted to keep interest rates unchanged at 0.25% during its final policy meeting of the year. However, a dissenting vote from board member Naoki Tamura highlighted growing divisions within the central bank regarding the timing of monetary tightening. Tamura, known for his hawkish stance, proposed …

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  • 19 December 2024 12:02 pm

    Bitcoin Retreats as Fed’s Hawkish Stance and Powell’s Comments Weigh on Sentiment

    Bitcoin extended its decline on Thursday, retreating 2.6% to $101,153.0 by 01:08 ET (06:09 GMT), as the U.S. Federal Reserve’s hawkish tone dampened risk appetite. The cryptocurrency briefly dipped below the $100,000 mark during the session, marking a sharp pullback from its all-time high of $108,244.9 reached earlier this week. …

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  • 19 December 2024 11:06 am

    Asian Stocks Slide as Fed Signals Slower Rate Cuts; Tech Sector Hit Hard

    Asian equities experienced a sharp sell-off on Thursday, with technology stocks leading the decline after the Federal Reserve projected a slower pace of interest rate cuts in 2025. The cautious outlook dampened risk sentiment across the region, following a significant overnight drop on Wall Street. The NASDAQ Composite recorded its …

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  • 19 December 2024 3:41 am

    BoE Poised for Cautious Monetary Policy Decision Amid Inflation Concerns

    The Bank of England is set to announce its monetary policy decision early on Thursday. Governor Andrew Bailey has signaled that the central bank is likely to keep the main interest rate on hold, emphasizing a gradual approach to monetary easing. Despite this cautious stance, Bailey recently indicated that up …

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  • 19 December 2024 2:14 am

    Hawkish Fed Rhetoric Boosts USD/JPY

    The Federal Reserve’s decision to cut its benchmark interest rate by 25 basis points to a target range of 4.25% – 4.50% sent shockwaves through the financial markets. While the rate cut was widely anticipated, the Fed’s surprisingly hawkish outlook for the future path of interest rates fueled a rally …

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  • 19 December 2024 1:49 am

    What’s New in the Fed’s December Interest Rate Statement?

    There have been some notable differences between the interest rate statement released by the Federal Open Market Committee on Wednesday, following the 25 basis point rate cut, and the previous statement. The first key difference is that the latest statement alluded to the timing and scale of future policy moves, …

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  • 19 December 2024 1:16 am

    Fed’s Cautious Stance Dampens Stock Market Rally

    The Federal Reserve’s decision to implement a 25-basis-point interest rate cut, while anticipated by market participants, has failed to sustain a significant rally in U.S. equity markets. The central bank’s economic projections, which signaled a more gradual pace of future rate reductions, tempered initial optimism and highlighted underlying concerns about …

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  • 19 December 2024 12:35 am

    Fed’s Hawkish Tone Weighs on Euro

    The Euro weakened significantly against the US Dollar after the Federal Reserve’s interest rate decision and subsequent press conference. While the Fed delivered a 25 basis point rate cut as expected, the central bank’s cautious tone and economic projections dampened market sentiment for the Euro.Key takeaways from the Fed’s decision:Rate …

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  • 19 December 2024 12:04 am

    Powell Speech: Stronger Growth, Lower Unemployment Driving Slower Rate-Cut Path

    In a recent post-meeting press conference, Federal Reserve Chairman Jerome Powell explained the decision to cut the federal funds rate by 25 basis points to the range of 4.25%-4.5%. The decision, taken after the December meeting, was driven by several factors including stronger economic growth and lower unemployment.Key Drivers Behind …

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  • 18 December 2024 11:48 pm

    Key messages from last US interest rate statement in 2024

    The Fed stated in its interest rate statement that “recent data have shown continued progress in economic activity. Labor market conditions have also shown significant improvement with the unemployment rate rising, although it has not reached very high levels. Inflation has shown a decline, approaching the central bank’s target of …

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