The Federal Reserve cut rates by a quarter percentage point on December 10, but beneath the surface, the official meeting minutes reveal a sharply divided committee. The FOMC is wrestling with a troubling concern: inflation could become permanently stuck above the Fed's 2% target. ...

Sanjay Malhotra has made structural changes to banking regulation to bring down costs and increase efficiency. Plus, he kicked off a benign interest regime. But there are challenges ahead.IMAGE: Reserve Bank of India Governor Sanjay Malhotra addresses the SBI Banking Economics Conclave in Mumbai, November 7, 2025. Photograph: ANI Video Grab During his second monetary policy press meet in April this year, Reserve Bank of India Governor Sanjay Malhotra observed that while his name is Sanjay, he is not the San ...

Core Insights - The S&P 500 has reached a new all-time closing high, driven by improved sentiment following a decline in new applications for U.S. unemployment benefits and strong economic growth of 4.3% in Q3 2025, surpassing expectations of 3.2% [1][2] Economic Outlook - The resilient economy and consumer demand are expected to support healthy corporate earnings, with a positive growth outlook and anticipated interest rate cuts from the Federal Reserve for 2026 enhancing investor optimism [2] Asset Management Sector - Affiliated Managers Group, Inc. (AMG) and Federated Hermes, Inc. (FHI) have reached new highs, reflecting bullish investor sentiment influenced by the overall economic health [3][8] - AMG's shares hit a 52-week high of $293.74, closing at $291.13, following strong Q3 results and positive Q4 guidance, with expected economic earnings between $8.10 and $9.26 per share, up from $6.53 in Q4 2024 [5][6] - AMG's pivot towards private markets and liquid alternatives has driven strong inflows, with $17 billion in net client cash flows in the first nine months of 2025, and alternatives now account for 55% of earnings [10][11] Federated Hermes Performance - Federated Hermes shares reached a 52-week high of $54.48, closing at $54.33, supported by positive market sentiment [13] - The company reported record AUM of $871.2 billion as of September 30, 2025, with a 7.4% CAGR in AUM over the past four years, driven by strong money market and equity asset growth [14] - Money market AUM was $652.8 billion, with favorable conditions expected to continue as yields remain attractive [15] Financial Flexibility - Federated Hermes maintains solid financial flexibility with $647.4 million in cash against $348.3 million in long-term debt, supporting shareholder returns through regular dividends and a share repurchase program [17] Growth Strategies - AMG's new partnerships are projected to add nearly $24 billion in AUM, while Federated Hermes has strengthened its platform through acquisitions, enhancing its operational capabilities [9][16]

Bloomberg Egypt’s central bank made its fifth interest-rate cut of the year, after a surprise slowdown in inflation gave authorities scope to resume an easing cycle. The regulator reduced its benchmark deposit rate by 100 basis points to 20% and the lending rate by the same amount to 21%, it said Thursday in a statement on its Facebook page. Most Read from Bloomberg Of five economists in a Bloomberg survey, only two predicted the cut. The others expected an extension of November’s rate pause. The Nor ...

The S&P 500 Index ($SPX) (SPY) is unchanged, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.06%.  March E-mini S&P futures (ESH26) are up +0.02%, and March E-mini Nasdaq futures (NQH26) are down -0.02%. Stock indexes are little changed ahead of today’s early close at 1pm Eastern time and Thursday’s Christmas holiday.  Stocks have continued support from confidence about the US economic outlook after Tuesday’s news that US Q3 real GDP rose by +4 ...

National Economic Council Director Kevin Hassett said Tuesday that the Federal Reserve is not cutting interest rates quickly enough, even as the U.S. economy grew at a much faster pace than expected in the third quarter.The top White House economic advisor is considered a leading contender to succeed Federal Reserve Chairman Jerome Powell after his term ends in May. Hassett said the artificial intelligence boom is boosting economic growth while simultaneously putting downward pressure on inflation. "If you ...

Group 1 - The Federal Reserve faces risks of economic recession unless interest rates are lowered further next year, according to Stephen Miran, a member of the Federal Reserve Board [2] - Miran has noted that the necessity for a significant rate cut of 50 basis points has diminished, although he still advocates for a more accommodative policy stance due to rising unemployment [2] - Since September, the Federal Reserve has implemented three rate cuts totaling 75 basis points, and the need for another large cut may be less urgent as the Fed approaches a phase of more precise management of monetary policy [2] Group 2 - This month, the Federal Reserve reduced interest rates by 25 basis points, but there is significant disagreement among officials regarding future policy directions, with most expecting only one more rate cut next year [3] - Concerns about inflation persist, as the current inflation rate remains nearly 1 percentage point above the 2% target, while rising unemployment raises fears of a significantly weakened job market [3]

Core Viewpoint - Carnival Corporation (CCL) is positioned for potential growth in the cruise industry, with a new price target set at $38, indicating a possible increase of 22.11% from its current trading price of $31.12 [1] Market Conditions - Favorable market trends, including softer inflation data and stable unemployment rates, have bolstered investor confidence in CCL [2] - Anticipation of an interest rate cut by the Federal Reserve in 2026 is expected to benefit the travel and leisure sectors, including Carnival [2] Stock Performance - CCL's stock has experienced a 9.81% increase, with a change of $2.78, trading between $27.96 and $31.49 on the day [3] - Over the past year, the stock reached a high of $32.80 and a low of $15.07, indicating significant volatility [3] Market Capitalization and Trading Activity - The company's market capitalization is approximately $40.82 billion, with a trading volume of 84.23 million shares, reflecting strong investor interest [4] Earnings Reports and Economic Indicators - The performance of CCL is influenced by broader economic indicators, with a focus on how these will impact the recovery in the travel sector [5]

Group 1 - The central bank has decided to lower the benchmark rate target to 7% from 7.25% with a vote of 4-1 [1]

Welcome back. Stocks are higher after the cooler than expected inflation data this morning. But some questions now being raised about how much we might trust this print.Our Steve Leeman's looking into that. I'm seen the Brucellis response this morning. Uh [laughter] dude, that was one flawed report.>> That's one of my bullet points here, Carl. And you guys were just talking about this stocks loving this cooler than expected inflation report. The bond market and economists highly skeptical with many saying c ...