Joining us right now to talk about how today's jobs number impacts the Fed's rate plan, former Atlanta Fed President Dennis Lockhart. He's a professor at Georgia Tech. Good morning to you, sir.You saw the numbers. I don't know how much you take away from them at this point. How much you think even the Fed is looking at those numbers in terms of how it's going to impact their plans for 26 and beyond.>> Well, I agree with much of the commentary we heard earlier. I don't think this report changes much quite fr ...

The Bank of Korea is done with its interest rate-cutting cycle and is likely to keep interest rates unchanged in 2026, with risks now tilting toward a hike as the next move as growth strengthens, according to Nomura https://t.co/fojHug8B7Y ...

Governor Kazuo Ueda is widely expected to raise the Bank of Japan’s key rate to the highest level in three decades on Friday https://t.co/f5vs7ub0JT ...

picked up to 0.71% YoY in November from 0.25% in October, driven by persistent food price deflation and weak core inflation. Most economists said headline inflation appears to have bottomed out in October on account of lower food prices and one-time GST cut adjustment and expect it to inch up but will be below RBI’s 4% medium-term target. RBI has cut the repo rate by 125 bps since the easing cycle began in February stating that it is to support growth as inflation remained benign.WHY A PAUSE NOW? , on the ...

Welcome back. Our next guest issued a dissenting vote at last week's big Fed meeting, pushing for even steeper rate cuts. Joining us here at Post 9 in a CNBC exclusive is Federal Reserve Governor Steven Myron.Governor, it's great to have you back at Post 9. Welcome. >> Good day.Thanks for having me back. >> So, I know you just gave this big speech at Columbia about inflation. And before we dive into that, maybe you could just explain why you dissented for even sharper rate cuts when some of your colleagues ...

Economic Indicators - The December Empire manufacturing survey unexpectedly contracted by 22.6 points to -3.9, significantly weaker than the expected 10.0 [3] - The NAHB housing market index for December rose by 1 to an 8-month high of 39, aligning with expectations [3] - Eurozone industrial production for October increased by 0.8% month-over-month, marking the largest rise in 5 months and meeting expectations [6] Federal Reserve Policy - The dollar index is down by 0.24% due to the contraction in the Empire manufacturing survey, which is seen as a dovish factor for Federal Reserve policy [1] - Fed Governor Stephen Miran indicated that the current policy stance is unnecessarily restrictive for the economy, citing a benign inflation outlook and labor market concerns [3] - There is a 27% chance that the FOMC will cut the fed funds target range by 25 basis points at the upcoming January meeting [4] Currency Movements - The euro (EUR/USD) is up by 0.23%, reaching a 2.5-month high, supported by dollar weakness and positive Eurozone industrial production data [5] - The yen (USD/JPY) is down by 0.60%, climbing to a 1-week high against the dollar due to stronger-than-expected Japanese economic indicators and expectations of a potential interest rate hike by the Bank of Japan [7] Market Sentiment - Concerns are growing that President Trump may appoint a dovish Fed Chair, which could negatively impact the dollar [2] - Markets are pricing in a 0% chance of a rate cut by the European Central Bank at the upcoming policy meeting, indicating a divergence in central bank policies between the Fed and the ECB [6]

Nigerian inflation eased more than anticipated in November, strengthening the case for policymakers to resume interest-rate cuts when they next meet in February https://t.co/SIZDNM0Sur ...

Let's focus on this busy roster of central banks data. What do you think has the power to surprise Paul. Where are we going to see some volatility being created.Yeah. Hi there. Well, so lots of potential volatility in the fixed rate space this week.It all spins around off of the Fed. Of course, the Fed cutting last week, but then sort of signaling that it might be going on hold for a little bit of time. So that gives the market a time to calibrate where other central banks are going relative to the Fed.The ...

Summary of Key Points from the December FOMC Meeting Industry Overview - The document primarily discusses the Federal Reserve's monetary policy decisions and economic outlook, impacting the financial services and investment banking sectors. Core Points and Arguments 1. **Rate Cut Announcement**: The Federal Reserve reduced the target range for the federal funds rate by 25 basis points to 3.5-3.75% with a focus on data dependency for future adjustments [6][9][10] 2. **Dissenting Opinions**: There were three dissents during the meeting; two members favored holding rates steady while one member advocated for a larger 50 basis point cut [6][20] 3. **Labor Market Concerns**: Chair Powell indicated that the labor market is showing signs of cooling, with unemployment rising by 0.3 percentage points since June [26][30] 4. **Inflation Outlook**: The Fed noted a slight decrease in inflation pressures, particularly in services, while goods inflation remains influenced by tariffs [28][29] 5. **Future Rate Cuts**: The Fed is expected to consider further cuts in January and April, contingent on labor market stability and inflation trends [9][30][34] 6. **Economic Projections**: The Fed upgraded its growth projections for 2026 and 2027, reflecting a more optimistic outlook despite ongoing risks [35][37] 7. **Reserve Management Purchases**: The Fed will initiate purchases of Treasury bills at a pace of $40 billion per month to maintain ample reserves, which is distinct from quantitative easing [12][15][77] 8. **Market Reactions**: The announcement led to a positive response in agency mortgages and a rally in Treasury yields, indicating market confidence in the Fed's approach [58][97] Additional Important Content 1. **Data Dependency**: The Fed emphasized a return to a data-dependent approach for future rate adjustments, raising the bar for further cuts [16][24] 2. **Unemployment Rate**: The unemployment rate is now viewed as being above the longer-run estimate, which could signal potential concerns for future economic stability [18][19] 3. **Balance of Risks**: The Fed sees risks to growth and inflation as more balanced than in previous assessments, indicating a shift in outlook among FOMC members [37][39] 4. **Trade Ideas**: Recommendations for investors include maintaining long positions in UST 5-year notes and entering buy contracts for FFJ6, reflecting expectations of future rate cuts [69][75] 5. **Housing Market Challenges**: Powell acknowledged ongoing challenges in the housing market, suggesting that a 25 basis point rate cut may not significantly impact housing demand due to low supply and existing low-rate mortgages [101]

Core Insights - The U.S. stock market, particularly the S&P 500, has shown significant growth, with a year-to-date increase of approximately 16% and an overall gain of about 86% over the past five years [1][2] - The upcoming tax refund season in 2026 is projected to be the largest on record, potentially providing American households with refunds ranging from $1,000 to $2,000, totaling between $100 billion and $150 billion [3][4][5] - Investment strategies such as owning an S&P 500 index fund are recommended for individuals looking to benefit from the stock market's long-term growth [6][7] Investment Opportunities - Real estate is highlighted as a cornerstone of wealth-building, with properties providing consistent rental income and serving as a hedge against inflation [10][11] - Crowdfunding platforms like Arrived allow individuals to invest in rental properties with minimal capital, starting as low as $100, making real estate investment more accessible [12][13] - Commercial property investments through platforms like First National Realty Partners (FNRP) enable accredited investors to diversify their portfolios without the responsibilities of being a landlord [14][15] Financial Management Strategies - High-yield savings accounts (HYSAs) and certificates of deposit (CDs) are discussed as options for managing cash, particularly in a fluctuating interest-rate environment [16][18] - Raisin offers access to high-yield and no-penalty CDs, providing options for both fixed returns and flexibility in accessing funds [19][20]