19th December 2024

  • Powell Signals Fed’s Focus Has Returned Firmly to Inflation

Powell says 2024 inflation forecast has ‘kind of fallen apart’

Officials’ forecasts signal just two rate cuts next year

https://blinks.bloomberg.com/news/stories/SOPM78T0AFB4

  • Bonds Slump as Fed Gives Traders Reason to See Fewer 2025 Cuts

Most Treasury yields rise at least 10 basis points on the day

Traders slash wagers on more than one rate cut next year

https://blinks.bloomberg.com/news/stories/SOPIBCT1UM0W

  • BOJ Keeps Rates Steady as Proposal Suggests Next Hike Is Nearing

Economists see January as a favorite for next hike from BOJ

Tamura proposed raising rates to 0.5% but was voted down

https://blinks.bloomberg.com/news/stories/SOQ2XJT0AFB4

  • New Zealand Suffers Deeper-Than-Expected Recession; Kiwi Drops

GDP fell 1% in third quarter after 1.1% slump in the second

Statistics agency’s GDP revisions remove earlier recession

https://blinks.bloomberg.com/news/stories/SOPQ3FT0G1KW

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