NEWSFEED HIGHLIGHTS
- S&P 500 Unofficially Closes Down 74.93 Points, Or 1.09 Percent, At 6,826.07
- Nasdaq Unofficially Closes Down 407.71 Points, Or 1.73 Percent, At 23,186.15
- Dow Jones Unofficially Closes Down 257.18 Points, Or 0.53 Percent, At 48,446.83
- Fed Mandates Were In Conflict But Cutting Rates Was Right Choice
- Inflation Too High But Fed Can't Let Jobs Market Falter
- Rate Cut Puts Fed In Place To Achieve Both Of Its Goals
- Trump Said He Thought The Next Fed Chair Should Consult With Him On Where To Set Interest Rates
- Only Chevron-chartered Tankers Have Sailed From Venezuela Carrying Crude Since Us Vessel Seizure
- About 11 Million Bbl Of Venezuelan Oil, Fuel Stuck In Tankers In Venezuelan Waters Following Seizure, Sanctions
FEATURED STORIES
Post-FOMC, investors should now be asking, “Did the Fed signal a potential top?”
The seeds for this possible topping action, though sprouting for months, could finally bear fruit in early December. Fundamentally, it’s worth noting that markets usually top on the most bullish news, so the interest rate cut by the US Federal Reserve could initiate a “buy the rumour, sell the fact” strategy by speculators attempting to lock-in gains.
Official UK figures showed the economy shrank heading into the final quarter of the year as households curtailed spending ahead of the Autumn Budget.
The Office for National Statistics said GDP contracted 0.1% in the three months to October, missing expectations for a flat reading and slipping from growth of 0.1% in the three months to September. It marked the first three-month fall in real GDP since December 2023.
Breaking down the report, ONS director of economic...
The Swiss National Bank has once again held its benchmark interest rate steady, as expected, amid inflation and growth outlooks pointing to an economy on more solid ground, a situation that makes further cuts even less likely.
The country’s central bank said Thursday that it would keep its policy rate at zero percent, a level set in June. Virtually all economists polled had predicted the decision – the third hold in a row...
Swiss rate-setters are widely expected to hold their key rates at current levels Thursday, a stance they may adopt for the longer term, according to analysts.
An economists’ poll predicted an unchanged Swiss National Bank policy rate of zero percent, with only very few analysts noting that the bank could lower its benchmark rate into negative territory at -0.25%. A hold this month would repeat the decision in September, which followed six straight reductions, including...
The Bank of Canada’s Governing Council is widely expected to stay on the sidelines at its final meeting of the year on Wednesday, having previously signalled that monetary policy was likely near the limits of what it could do to support the economy in the current environment.
Economists broadly expect the Ottawa-based central bank to keep its policy rate unchanged at 2.25%, effectively ending its current easing cycle.
TD Securities said the policy statement...
Introducing LiveSquawk Market Talk Podcast
Join market veterans for deep-dive analysis ahead of major financial events that move markets.
From Non-Farm Payrolls to central bank decisions, our expert guests break down market positioning, potential trading opportunities, and global implications.
Get the critical insights you need to stay ahead of market-moving news. Brought to you by LiveSquawk, the trusted source for real-time financial news covering 120+ countries and all major asset classes.
