The ‘Fast Money’ traders talk the market’s reaction to news the Fed plans two or fewer cuts in 2025. Source link
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The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023.Kazuhiro Nogi | Afp | Getty ImagesThe Bank of Japan on Thursday held its benchmark interest rate steady at 0.25%.The decision comes a day after the U.S. Federal Reserve cut rates by 25 basis points, bringing the federal funds rate to 4.25%-4.5%.The yen weakened 0.16% against the dollar after the rate decision, trading at 155.06.The BOJ said in its statement that the decision to hold was a split 8-1 decision, with board member Naoki Tamura advocating for a 25-basis-points hike.The central bank did…
Traders work on the New York Stock Exchange (NYSE) floor in New York City. Spencer Platt | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayA cut now, but fewer aheadThe U.S. Federal Reserve lowered interest rates by 25 basis points on Wednesday, taking its overnight borrowing rate to a target range of 4.25%-4.5%. In the Fed’s dot plot indicating expectations for rates in the years ahead,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyLoretta Mester, Fmr. Cleveland Fed president, joins ‘Fast Money’ to talk today’s Fed decision and what to expect in 2025.04:584 hours ago Source link
A television station broadcasts the Federal Reserve’s interest-rate cut on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 18, 2024. Michael Nagle | Bloomberg | Getty ImagesCNBC’s Jim Cramer on Wednesday walked investors through the markets’ fall after the Federal Reserve cut its key interest rate by a quarter percentage point and indicated that there will likely be fewer cuts than expected next year.”After listening to Fed Chief Jay Powell this afternoon I think a lot of people got even more baffled,” he said. “Because he seemed to get caught having to fulfill…
The memo from Norby Williamson, one of ESPN’s top executives, was short and direct: Lee Fitting, a senior vice president of production who had been at ESPN for more than 25 years, was “no longer with the company” and ESPN would be “finalizing a new production structure” for the shows he oversaw.The timing of Fitting’s dismissal — the memo was sent on Aug. 21, 2023, about a week before the start of the college football season — amplified the shockwaves felt through ESPN’s headquarters in Bristol, Conn. Since 2004, Fitting oversaw “College GameDay,” and his leadership cemented the program into…
Luxury safari-goers were once all about spotting lions, leopards, elephants, buffaloes and rhinos — albeit while staying in nicer tents and dining on gourmet food.But that’s changing.”Safaris are not just about the ‘Big Five’ anymore,” said Lori Cohen, a writer who covers luxury safaris. “People have got limited time off in their lives, and they really want to use that time to do something special and transformative.””They want personal attention [and] unique experiences,” she said. They want “their emotions spoken to.”As a result, the definition of luxury tourism in Africa is changing, said Olivia Gradidge, a marketing manager at exhibition…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailGuest trader Michael Contopoulos, Richard Bernstein, joins the ‘Fast Money’ desk to talk market reaction following today’s FOMC meeting and rate cut announcement. Source link
Buildings in Auckland, New Zealand, on Tuesday, Sept. 13, 2022. Photographer: Fiona Goodall/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesNew Zealand’s economy sank into recession in the third quarter as activity dived far more sharply than expected and output in the prior quarter was slashed, a dire result that cements the case for more aggressive rate cuts.The shock news sent the local dollar to a fresh two-year low of $0.5614, having already shed 2.2% in the wake of a hawkish easing from the U.S. Federal Reserve.Markets added to wagers the Reserve Bank of New Zealand would slice rates further, having already cut by 125 basis…
LAS VEGAS — Prior to checking out for good, $514,971 richer and another MVP award bound for his trophy case, Giannis Antetokounmpo closed off a drive from Kenrich Williams. He met the Oklahoma City Thunder forward at the rim, blocking the sneak attempt at a layup.The ensuing transition featured Giannis two-handing a pass ahead to Gary Trent Jr., who drilled a 3 from the right wing. It was Antetokounmpo’s 10th assist. One of the best to ever do it punctuated his first NBA Cup crown with a dominant triple-double in a 97-81 win over Oklahoma City, the best team in…
