Russia says it has detained a suspect in the Moscow bombing that killed a senior generalWisconsin school shooter had 2 guns and got messages from man accused of plotting his own attackThe Afternoon WireGovernment funding plan collapses as Trump makes new demands days before shutdownDonald Trump said he wants to ban trans athletes from competing.
A weaker yen tends to push prices higher in Japan, which depends heavily on imports, and that in turn raises pressure on the Bank of Japan to raise rates. Analysts say they expect a BOJ rate hike in January, but also that the central bank is wary of big changes as it waits to see possible shocks from President-elect Donald Trump’s policies on tariffs.
Australia’s S&P/ASX 200 shed 1.9% to 8,153.80, while the Kospi in South Korea slipped 1.5% to 2,447.17. India’s Sensex fell 0.9%.On Wednesday, the S&P 500 fell 2.9%, just shy of its biggest loss for the year, to close at 5,872.16. The Dow Jones Industrial Average lost 1,123 points, or 2.6%, to 42,326.87, and the Nasdaq composite dropped 3.6% to 19,392.69..
Fed officials released projections on Wednesday showing the median expectation among them is for two more cuts to the federal funds rate in 2025, or half a percentage point’s worth. That’s down from the four cuts expected just three months ago.Asked why Fed officials are looking to slow their cuts, he pointed to how well the job market is performing overall and how recent
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