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  • Dec 18, 2024

Morning Bid: Fed's 'hawkish cut' slams markets, BOJ up next

The Federal Reserve has spoken, and as far as investors are concerned, the message was clear - clearly hawkish. Investors in Asia go into Thursday on the defensive after the Fed cut interest rates by a quarter of a percentage point as expected, but signaled a slower pace of easing ahead.

  • Dec 18, 2024

Stocks skid after Fed signals it will slow down its easing

According to preliminary data, the S&P 500 lost 2.96%, while the Nasdaq Composite lost 3.62% and the Dow Jones Industrial Average fell or 2.61%. The Dow and S&P saw their biggest one-day percentage decline since Aug. 5 and the Nasdaq saw its biggest daily decline since July 24. "Everything in the dot plot suggested that we have higher economic growth, a stronger labor market, more inflation, fewer Fed rate cuts and a higher neutral rate."

  • Dec 18, 2024

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

(Bloomberg) -- The US Treasury market tumbled as traders took the Federal Reserve’s revised forecasts as reason to slash their expectations for interest-rate reductions next year.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe selloff lifted shorter-maturity yields, which are more sensitive to Fed policy shifts, more than 10 basis points to the highest levels in several weeks. The Fed cut interest rates Wednesday for a third-straight time as expected, w

  • Dec 18, 2024

Dollar Rises to Highest Since 2022 as Less Fed Cuts Seen

(Bloomberg) -- The dollar rallied to the strongest level in over two years after the Federal Reserve signaled a slow down in the pace of monetary easing next year.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe Bloomberg Dollar Spot Index rose 0.9% Wednesday, its highest since 2022. The surge sent other major currencies lower. The euro, pound and Swiss franc fell 1% against the US dollar during the day, while the offshore Chinese yuan fell to the lowest

  • Dec 18, 2024

NKE, PLTR, or UBER: Which Large-Cap Stock Is the Best Pick?

Investors often look for opportunities to invest in large-cap stocks as they are generally associated with companies having a proven track record and well-established business models. The large-cap stocks have a market capitalization between $10 billion to $200 billion. Using TipRanks’ Stock Comparison Tool, we placed Nike (NKE), Palantir (PLTR), and Uber Technologies (UBER) against each other to find the large-cap stock that is the best pick, according to Wall Street analysts. Nike (NYSE:NKE) S

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