CNBC Daily Open: Fed Rate Cut, BOJ Decision, and Market Outlook

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Fed cut its key interest rate by 25 basis points on Wednesday, taking its overnight borrowing rate to a target range of 4.25%-4.5%. In the Fed's dot plot indicating expectations for rates in the years ahead, the central bank mostly indicated.

Following that, the yen weakened to a one-month low against the dollar. Analysts had been divided over the BOJ's move: Ashowed 54% of respondents thought the BOJ would hold, while a poll of economists by Reuters expected the BOJ to raise rates., even though it beat expectations on earnings for its last quarter. For the current quarter, Micron expects revenue to come in around $7.9 billion. That's far less than the $8.98 billion expected by analysts, according to LSEG.As the year winds down, major investment banks are putting forth their outlook on the European market for 2025. Their views range from theWednesday's dramatic sell-off in markets is a stark reminder that forecasts influence stock movements much more than current circumstances. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly The Fed cut its key interest rate by 25 basis points. Borrowing costs will go down and corporate investment should be stimulated, which should lead to job creation and boost growth. That, in turn, theoretically pushes up stocks. But investors were already confident about the Fed's cut Wednesday. Prior to the conclusion of the Fed's December meeting, the futures market indicated a 98% chance of a 25 basis points cut, according to the. That means investors had already priced in the benefits of the rate reduction into stocks. In other words, yesterday's cut would have little bearing on stock prices. Investors were perhaps already pricing in more than a single reduction in rate

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CNBC Daily Open: Fed Considers Neutral Stance, Trump's Trade Policies Stir Market UncertaintyThe minutes of the Fed's November meeting suggest a more neutral stance on interest rates, contingent on inflation and employment trends. A US-brokered deal aims to end conflicts between Israel and Lebanon’s Hezbollah. Economists predict a modest rise in October's inflation index. Trump's trade policies are already affecting markets and the economy.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

CNBC Daily Open: Investors prioritize Nvidia's earnings over geopolitical risksInvestors briefly sought refuge in safe haven assets on increased geopolitical tensions. But they decided other factors were more important to the markets.
Source: NBCDFW - 🏆 288. / 63 Read more »