Fed rate cut path in sharp focus

Traders react as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on … Read more

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank

FRANKFURT, Germany — European Central Bank President Christine Lagarde will likely push back Thursday against expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit that would boost business activity and stock prices. She will likely underline that the bank needs to see more proof … Read more

Turkey hikes interest rate again to 45% after inflation nears 65%

Residents waiting at a bus stop under a large Turkish flag in Istanbul, Turkey, on Sunday, April 30, 2023. Bloomberg | Bloomberg | Getty Images Turkey’s central bank on Thursday hiked its key interest rate by another 250 basis points to 45%. The hike to the benchmark one-week repo rate was in line with economists’ expectations. … Read more

Tesla stock drops on Q4 earnings miss, warns production growth rate will be ‘notably lower’ than 2023

Tesla reported Q4 earnings that missed estimates and issued a downbeat full-year production outlook that weighed on the stock, continuing a downtrend for the EV-maker that began at the start of the year. For the fourth quarter, Tesla reported top-line revenue of $25.17 billion vs. $25.87 billion (est.), however revenue rose approximately 6% from a … Read more

UBS sees a 10% spike for gold this year as rate cut speculation swirls

Three 1kg gold bullion bars worth over 155,00 GBP lay on the counter in a gold dealers in Birmingham’s jewelry quarter on December 13, 2023 in Birmingham, England. Gold prices have increased since the Ukraine War but have soared to record highs since the start of the Hamas-Israel war. Other factors are the weakening US … Read more

Two important events this week could determine the future of Fed rate policy

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2024.  Brendan Mcdermid | Reuters Markets have become less convinced that the Federal Reserve is ready to press the button on interest rate cuts, an issue that cuts at the heart of where the economy and … Read more

Fed’s Raphael Bostic expects rate cuts to happen in the third quarter

Raphael Bostic at Jackson Hole, Wyoming David A. Grogan | CNBC Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying Thursday that inflation is well on its way back to the central bank’s goal. Bostic, a voting member this year on the rate-setting Federal … Read more

Markets risk being ‘self-defeating’ with rate cut bets: ECB member

Markets are “getting ahead of themselves” with rate cut expectations, the president of the Dutch central bank, Klaas Knot, told CNBC Wednesday. “The problem for us is that in the end that might become self-defeating. We are optimistic that we have a credible prospect of a return of inflation to 2% in 2025. But a … Read more

Fed’s Christopher Waller advocates moving ‘carefully’ with rate cuts

Federal Reserve Governor Christopher Waller acknowledged Tuesday that interest rate cuts are likely this year, but said the central bank can take its time relaxing monetary policy. The comments, delivered during a speech in Washington, D.C., seemed to counter market anticipation for aggressive easing this year. “As long as inflation doesn’t rebound and stay elevated, … Read more

Possible to have no rate cuts this year: European Central Bank member

Robert Holzmann, governor of Austria’s central bank, speaks during an event in Vienna, Austria, on Tuesday, Sept. 26, 2023. Bloomberg | Bloomberg | Getty Images The European Central Bank may defy market expectations and hold off on starting interest rate cuts during the whole of 2024, the institution’s Governing Council member Robert Holzmann said Monday. … Read more