{
}
Bond traders are closely monitoring inflation data as they anticipate a potential interest rate cut by the Federal Reserve at its December 18 meeting. Recent employment figures suggest a cooling labor market, while upcoming consumer and producer price reports are expected to show minimal inflation pressure, providing a clearer outlook for traders.
Donald Trump has stated he will not remove Federal Reserve Chair Jay Powell before his term ends in May 2026, while outlining plans for tariffs, mass deportations, and tax cuts upon taking office. Despite concerns about the Fed's independence, Powell has affirmed he will not resign early, emphasizing legal protections for the institution. Trump's proposed policies may increase price pressures, complicating the Fed's ability to lower interest rates.
President-elect Donald Trump stated he will not attempt to replace Federal Reserve Chair Jerome Powell when he takes office in January, despite past tensions over interest rate policies. Trump acknowledged that while he could ask Powell to resign, he likely wouldn't comply. Powell, who was appointed by Trump in 2018, has asserted that he will not leave office early, emphasizing the legal protections for Fed governors.
US consumer borrowing surged in October, with total credit outstanding rising by $19.2 billion, significantly exceeding forecasts. This increase was driven by the largest jump in credit-card balances since mid-2022, following a revised $3.2 billion rise in September. The median estimate anticipated a $10 billion gain, highlighting a notable shift in consumer credit behavior.
US Treasuries rallied as traders increased their expectations for a Federal Reserve interest-rate cut this month, following a mixed November employment report. Yields on two-year notes fell four basis points to 4.10%, with traders now pricing in approximately 21 basis points of easing at the Fed's December meeting, up from 16 basis points prior to the data release.
U.S. job growth experienced a significant increase in November, rebounding from previous constraints caused by hurricanes and strikes. However, this surge is unlikely to indicate a substantial change in the labor market, which continues to show steady easing, paving the way for potential interest rate cuts by the Federal Reserve this month.
U.S. job growth is expected to have surged in November following disruptions caused by hurricanes and strikes. However, this increase is unlikely to indicate a significant change in labor market conditions that would prompt the Federal Reserve to lower interest rates this month.
Bond traders are closely monitoring the upcoming US employment report for November as they anticipate potential interest rate cuts from the Federal Reserve. Currently, the market suggests a 65% chance of a quarter-point rate cut at the Fed's Dec. 18 meeting, with expectations of 80 basis points of easing by the end of next year.
Gold prices experienced a decline of 0.7%, marking the largest drop since November 25, as traders awaited a crucial US jobs report that could impact the Federal Reserve's interest-rate decisions. The precious metal had been trading within a narrow range since early last week.
India's benchmark indices, Sensex and Nifty, rose for the fifth consecutive day, boosted by a return of foreign institutional investors (FIIs) after two months of heavy selling. Sensex increased by 0.17% to 81,096 points, while Nifty gained 0.14% to 24,501 points, with both indices surging over 2.5% in the last five sessions.Sectorally, Nifty IT rose 0.8%, while Nifty Auto and FMCG gained 0.1%. Conversely, Nifty Pharma fell 0.5%, with Nifty Realty and Healthcare down 0.2% each. Global markets also strengthened following optimistic remarks from Federal Reserve Chair Jerome Powell about the US economy.
Federal Reserve
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Bond Traders Await Inflation Data Ahead of Potential Rate Cut
21:00 08.12.2024
Trump Commits to Keeping Powell as Fed Chair Amid Economic Plans
United States Dollar
Federal Reserve
UKR
USA
Scott Bessent
Jay Powell
Donald Trump
Joe Biden
Show more
17:50 08.12.2024
Trump Will Not Replace Federal Reserve Chair Jerome Powell Upon Taking Office
United States Dollar
Federal Reserve
USA
Jerome Powell
Donald Trump
Joe Biden
Janet Yellen
Show more
16:39 08.12.2024
US Consumer Borrowing Rises Sharply Driven by Increased Credit Card Balances
21:04 06.12.2024
Treasuries Rally as Traders Anticipate Federal Reserve Rate Cut This Month
14:50 06.12.2024
US Job Growth Surges in November Amid Easing Labor Market Conditions
14:40 06.12.2024
US Job Growth Expected to Surge in November Amid Labor Market Constraints
06:09 06.12.2024
Bond Traders Watch US Jobs Data Ahead of Potential Fed Rate Cuts
02:23 06.12.2024
Gold Declines Ahead of US Jobs Report Impacting Federal Reserve Rates
00:37 06.12.2024
Indian Markets Extend Gains as Foreign Investors Return and Global Optimism Grows
05:01 05.12.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Central Bank Actions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Finance Mergers & Acquisitions
Government Economic Policies
Inflation and Monetary Impact
Industry Mergers & Acquisitions
CEO Changes
Domestic Politics
Market Analysis and Predictions
Government Policies
Workplace Trends
Supply Chain Management
GDP Growth & Recession Forecasts
Countries:
Companies:
Tesla, Inc.
Apple Inc.
Barclays PLC
JPMorgan Chase & Co.
Deutsche Bank Money Market PP
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
Berkshire Hathaway Inc.
SpaceXCoin USD
Bank of America Corporation
UBS Group AG
BNP Paribas SA
Banco Santander, S.A.
Lloyds Banking Group plc
Bank Frick AG
NVIDIA Corporation
Jenoptik AG
Air France-KLM
Amazon.com, Inc.
Wells Fargo & Company
Currencies:
United States Dollar
Euro
Swiss Franc
British Pound Sterling
Japanese Yen
Indian Rupee
Chinese Yuan
Canadian Dollar
Vietnamese Đồng
South Korean Won
Australian Dollar
Thai Baht
Indonesian Rupiah
Singapore Dollar
Mexican Peso
Hong Kong Dollar
Offshore Chinese Yuan
New Zealand Dollar
Cambodian Riel
Myanmar Kyat
People: