First, the hot topic of the hour. President Trump touting a strong economy and his efforts to lower costs in a business roundt at the White House yesterday. Watch.>> In the old days, when you announced really good results in this country, the stock market went up and that's the way it should be. And we're going back to that because otherwise you can never really attain true greatness. Growth doesn't mean inflation.They're always afraid that oh we have and if there is inflation that's okay then we can slow i ...

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The Swiss National Bank kept its interest rate at zero, judging that a weakened inflation outlook doesn’t yet justify a return to negative borrowing costs https://t.co/1wfubF7lLa ...

Core Viewpoint - The dollar is under pressure after reaching a seven-week low due to the Federal Reserve's decision to cut interest rates and indicate potential further cuts [1] Group 1: Federal Reserve Actions - The Federal Reserve implemented a 25 basis-point rate reduction as expected [1] - The Fed's communication suggested a less cautious approach towards further policy easing than anticipated [1] Group 2: Economic Outlook - Fed Chair Jerome Powell indicated that the risks of higher inflation are perceived to be less severe compared to the risks associated with a weaker labor market [1]

Group 1: Market Overview - European stocks opened slightly lower, with the pan-European Stoxx 600 down around 0.1% as investors reacted to the U.S. Federal Reserve's latest rate cut and the Swiss central bank's decision to hold rates at 0% due to lower-than-expected inflation [1][2] - The U.S. Federal Reserve cut the Federal Funds rate by 25 basis points to a range of 3.5%-3.75%, indicating a cautious approach to future rate reductions [2][3] Group 2: Economic Insights - The Swiss National Bank noted stronger-than-expected global economic growth in Q3, despite challenges from U.S. tariffs and trade policy uncertainty [2] - European inflation is considered neutral, with expectations that the European Central Bank will not cut rates in the near future [4] Group 3: Sector Performance - The Stoxx 600 Aerospace and Defense index has gained 52% year-to-date, reflecting strong performance in the defense sector [5] - Shares in German defense firm Rheinmetall rose by 1.3% following reports of a new bid for competitor KNDS NV [6]

The CNBC app, global market news in one place. Customizable sections and personalized alerts, stocks tracking, interactive charts and market insights, all in your hands. Stay connected, stay informed, download the CNBC app today. >> Oh, I'm very excited to be back in the studio. More excited the fact that I've got Juliana Talib leading the show. How are you. >> I'm doing well. Good to have you back. >> It's great to be back, I have to say. Right. Welcome to the scorebox Europe with Juliana Tattlebound. Uh a ...

Core Viewpoint - The Federal Reserve's decision to cut interest rates and resume purchasing Treasury bills has sparked a debate about the U.S. economy's future, with contrasting views from analysts and economists [1]. Group 1: Economic Perspectives - Economist Peter Schiff warns that the Fed's new liquidity measures represent a dangerous return to quantitative easing, predicting that this policy will lead to rising long-term interest rates [2]. - In contrast, institutional investors express optimism, with LPL Financial's Chief Economist Jeffrey Roach stating that the Fed's actions indicate a successful balance of its dual mandate, leading to a "Goldilocks" scenario for the economy [3]. - Gina Bolvin from Bolvin Wealth Management supports this optimistic view, suggesting the Fed is shifting focus from fighting inflation to managing economic risks [4]. Group 2: Fed's Actions and Market Reactions - The Fed plans to purchase approximately $40 billion per month in shorter-maturity Treasuries to smooth volatility in short-term funding markets, a move that has drawn criticism from Schiff [4][5]. - Bill Adams, Chief Economist for Comerica Bank, notes that the Fed is operating in a "data vacuum" due to delayed economic releases and anticipates a leadership change when Chair Powell's term ends in May 2026 [5]. - Chris Zaccarelli of Northlight Asset Management cautions that the current optimistic sentiment may diminish if investors realize that the path to lower rates is slower than expected [6]. Group 3: Market Performance - The S&P 500 index has increased by 17.35% year-to-date, while the Dow Jones index has returned 13.36%, and the Nasdaq Composite has gained 22.68% in the same period [7]. - The SPDR S&P 500 ETF Trust (NYSE:SPY) closed at $687.57, up 0.66%, while the Invesco QQQ Trust ETF (NASDAQ:QQQ) closed at $627.61, up 0.41% [8].

Core Viewpoint - The Federal Reserve's Open Market Committee (FOMC) cut the key overnight borrowing rate to 3.5%-3.75%, aligning with market expectations, but future rate cuts may be limited due to inflation concerns [1][2][3] Group 1: Federal Reserve Actions - The FOMC's decision to cut rates was a 9-3 vote, indicating a division among members regarding the need for further cuts to support the labor market versus concerns about inflation [2] - The Fed's preferred inflation gauge is currently at 2.8%, above the 2% target, with expectations to decrease to approximately 2.4% by the end of 2026 [2] - The FOMC's dot plot suggests only one rate cut is anticipated in 2026, indicating a higher threshold for future cuts [3] Group 2: Market Reactions - Rate-sensitive investments saw a rally, with the small-cap Russell 2000 index increasing by 1.3% and the State Street SPDR S&P Homebuilders ETF rising by 3% [5] - Historical data indicates that stocks perform well during non-recession periods when the Fed cuts rates, averaging a 15% annualized return since 1970 [5] - Some analysts caution that optimism regarding the pace of future rate cuts may be overstated, suggesting that the anticipated timeline for lower interest rates could be longer than expected [5]

Economic Outlook - The American economy is not overheating, and there are no immediate signs of a hot economy that would lead to significant inflation [1][2] - The Employment Cost Index (ECI) report suggests that inflation is not being driven by a tight labor market [2][3] Federal Reserve Actions - The Federal Reserve announced a mild quantitative easing (QE) program, starting with Treasury bill purchases, which was above market expectations [3][4] - There is a shift from quantitative tightening (QT) to QE, indicating a more accommodative monetary policy [4][11] Inflation and Tariffs - Powell indicated that the effects of tariffs on inflation are temporary, and if no new tariffs are imposed, inflation could decrease in the latter half of next year [5][8] - The recognition that tariff impacts are one-time increases rather than ongoing inflationary pressures is seen as a positive development [10] Employment Data - Powell suggested that payroll numbers may be revised to show slight negative growth, which aligns with recent ADP data [11][12] - The discussions within the Fed are characterized as thoughtful and respectful, reflecting a range of opinions on monetary policy direction [18] Corporate Engagement - President Trump is engaging with CEOs from major companies like IBM and Qualcomm to discuss the impact of AI on the economy, which Powell acknowledged as beneficial [13]

The Federal Reserve's starkly divided policy committee cut the central bank's key interest rate by a quarter-point Wednesday, prioritizing helping the job market over fighting inflation. https://t.co/YnBLFzDNJS ...