We again see a flattish board ahead of today’s regular market session, with the Dow, S&P 500 and small-cap Russell 2000 all down single-digits at this hour. The tech-heavy Nasdaq is -38 points currently. We expect this narrow range of trading to continue until at least after today’s Federal Open Market Committee (FOMC) decision on monetary policy and the subsequent press conference with Fed Chair Jerome Powell.Widely expected to be the third rate cut of 2025, the market has already priced in a -25 basis poi ...

Joining us here at Post 9 this morning is PNC Asset Management Chief Investment Strategist Young Yuma. Welcome back. It's good to see you.>> Thanks, Col. Great to be here. >> Um, we've been talking about how built in the consensus view is about this afternoon.Any reason to think there might be surprises. >> Well, the consensus view on a hawkish cut is pretty well established, but it's interesting sometimes when you get actually the result of the consensus. So, if the Fed delivers that hawkish cut, sometimes ...

Milan_Jovic / Getty Images KEY TAKEAWAYS As Americans' average lifespans continue to increase, the average amount of savings will likely not last an entire retirement. Additionally, as inflation continues to persist, retirement accounts need to have more savings to afford the increased price of goods and services. Retirement accounts can shift to a "purpose-oriented portfolio strategy" and increase savings so that they earn 4% to 5% more than inflation. Americans are facing longer retirement as w ...

You know, they always have a hoax. The new word is affordability. So, they look at the camera and they say, "This election is all about affordability." Now, they never talk about it.And I can't say affordability hoax because I agree the prices were too high, so I can't go to hoax because they'll misconrue that. But they use the word affordability and that's their only word. They say affordability.And everyone says, "Oh, that must mean Trump has high prices." No, our prices are coming down tremendously. Afte ...

Economic Concerns & Political Implications - The discussion revolves around the US economy, focusing on affordability, inflation, and wages, with concerns that rising prices are impacting how Americans feel about the economy [2][7][8] - The President's message on the economy is being scrutinized, particularly claims about prices falling and inflation being crushed, with experts pointing out the reality of rising prices [7][8] - Affordability is highlighted as a key political issue, potentially influencing elections, similar to how healthcare impacted the 2018 elections [11][12][13] - Republicans are concerned about the President's messaging discipline, as the public's financial well-being significantly impacts their political fate [13] Trade & Manufacturing - The President defends tariffs, claiming they are reviving Pennsylvania manufacturing and steel production [13][14] - There's debate on whether tariffs are beneficial, with arguments that while raw steel production might be up, the increased cost of steel inputs negatively impacts overall manufacturing [17][18][21] - Economic data from Pennsylvania suggests a mixed picture, with flattened hiring, decreased home sales, and weakened factory activity [19] Policy Impacts & Fed Decisions - The President's policies, including tariffs, immigration policies, and changes to Obamacare, are being blamed for contributing to the affordability crisis [21][22][23] - Small businesses have reportedly shed approximately 250,000 jobs since April, potentially linked to the implementation of tariffs [24] - The Federal Reserve is expected to lower interest rates by a quarter of a percentage point (25 basis points), bringing the total decline this year to three-quarters of a percentage point (75 basis points), but tariff-related inflation may limit further rate cuts [26] - The President is considering candidates for the next Fed chair, with a focus on loyalty and a desire for lower interest rates [28][29][30]

It's time now for the big picture. Let's welcome in Kathy Jones, chief fixed income strategist, Schwab Center for Financial Research. Very good morning to you, Kathy.Great day to have you on ahead of this FOMC decision. Why has the 10ear been up around 420. >> Well, I think what you're seeing is the market isn't buying the need for rate cuts.Um, there are a number of things that go into the 10-year. there's, you know, big term premium, that risk premium people demand to hold longerterm bonds. And I think th ...

Let's get to Kevin Green to sort of break down the action as far as the setup as we head into this FOMC decision. Uh good morning to you KG. Thanks so much for joining me.I'm just wondering, you know, what are your expectations. What are you seeing there as far as volatility heading into the Fed decision. >> Yeah, I would not be surprised if we actually do trade within, let's say, a 15 point range going into the statement uh at 2 p.m. Eastern time. And that's usually something that we do see on a day like t ...

Core Viewpoint - The Federal Reserve is anticipated to implement a third interest rate cut this year, with indications that policymakers may adopt a cautious stance regarding future cuts [1]. Group 1: Market Expectations - Traders have assigned nearly 90% probability for a quarter-point reduction in interest rates, which would adjust the target rate to a range of 3.5% to 3.75% [2]. - Betting platforms Polymarket and Kalshi report even higher odds of 97% for the rate cut [2]. Group 2: Influential Statements - Optimism for a rate cut increased after New York Fed President John Williams suggested potential for a cut in the "near term," contrasting with Fed Chair Jerome Powell's previous comments that further reductions were "not a foregone conclusion" [3]. - Other Fed officials, including San Francisco Fed President Mary Daly, have expressed support for a rate cut, citing concerns about a weakening labor market [3]. Group 3: Institutional Revisions - Major financial institutions such as JPMorgan, Morgan Stanley, Nomura, and Standard Chartered have revised their forecasts, now expecting a rate cut after initially predicting rates would remain unchanged [4]. - Standard Chartered noted that recent economic data post-government shutdown has been "unrevealing" [4]. Group 4: Potential Dissent - Kansas City Fed President Jeff Schmid and St. Louis Fed President Alberto Musalem are likely to dissent against the rate cut, advocating for maintaining current rates [4]. - Fed Governor Stephen Miran is expected to dissent for a third consecutive time, favoring a half-point cut [4]. - Uncertainty remains regarding dissent from other Fed officials, as Boston Fed President Susan Collins, Chicago Fed President Austan Goolsbee, and Fed Governor Michael Barr have raised concerns about rising inflation [5].

U.S. job openings barely budged in October, coming in at 7.7 million with ongoing uncertainty over the direction of the American economy. Fast Company Newsletters Overall, it's a puzzling time for the American economy, buffeted by President Donald Trump's decision to reverse decades of U.S. policy in favor of free trade and instead impose double-digit tariffs on imports from most of the world's countries. Policymakers at the Federal Reserve are meeting this week to decide whether to cut their benchmark inte ...

March Comex silver (SIH26) futures today hit a record high of $62.14 an ounce. Price action in silver this week has produced a bullish upside “breakout” from a bull flag pattern on the daily bar chart. Measuring implications from this pattern project an upside price target of around $70.00 in the coming weeks, or sooner. Indeed, silver bulls are presently enjoying a potent elixir of bullish charts and bullish supply and demand fundamentals, including an expected interest rate cut today from a major central ...