Core Viewpoint - The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points, prompting major banks, including the State Bank of India (SBI), to lower their lending rates to ease borrowing costs for customers [3]. Group 1: Lending Rate Adjustments - SBI has cut its Marginal Cost of Funds-based Lending Rate (MCLR) across various tenors, effective from December 15, 2023 [2][3]. - The External Benchmark Lending Rate (EBLR) has been reduced from 8.15% + Credit Risk Premium (CRP) + Bank Spread (BSP) to 7.90% + CRP + BSP, a decrease of 25 basis points [2][3]. - The Repo Linked Lending Rate (RLLR) has been adjusted from 7.75% + CRP to 7.50% + CRP, reflecting a 25-basis point cut [2][3]. - The Benchmark Prime Lending Rate (BPLR) has been revised to 14.65% per annum [2][3]. - The base rate has been cut to 9.90%, effective from December 15, 2025 [2][3]. Group 2: MCLR Specifics - Overnight and one-month MCLR rates have been reduced from 7.90% to 7.85% each [4]. - The three-month MCLR has been cut from 8.30% to 8.25% [4]. - The six-month MCLR is now at 8.60%, down from 8.65% [4]. - The one-year MCLR has been lowered from 8.75% to 8.70%, which is widely used for retail loans [4]. - The two-year MCLR has been reduced from 8.80% to 8.75% [4]. - The three-year MCLR is now at 8.80%, down from 8.85% [4].

Core Viewpoint - Hecla Mining Co. has reached its highest stock price in nearly four decades, driven by the Federal Reserve's interest rate cut, which has positively influenced investor sentiment [1][2]. Group 1: Stock Performance - Hecla Mining's stock surged to a peak of $19.67 during intra-day trading, ultimately closing at $19.35, reflecting a 12.57% increase [2]. - The last time the stock reached a similar level was in September 1987, when it closed at $19.63 [2]. Group 2: Impact of Interest Rate Cut - The Federal Reserve's decision to cut the benchmark interest rates by 25 basis points is the third cut of the year, which typically weakens the US dollar, making precious metals like silver more affordable for foreign investors [2][3]. - As one of the largest silver producers in North America, Hecla Mining stands to benefit from this environment [3]. Group 3: Index Inclusion - Hecla Mining has been added to the S&P MidCap 400 Index, effective December 22, 2025, which will enhance its visibility and exposure to the investing community [3][4]. - The S&P MidCap 400 Index includes US equities with market capitalizations between $8 billion and $22.7 billion, positioning Hecla Mining favorably within this segment [4].

Core Viewpoint - The Reserve Bank of India (RBI) has reduced the policy repo rate by 25 basis points, prompting State Bank of India (SBI) to adjust its deposit and lending rates accordingly [1][2]. Group 1: Deposit Rate Adjustments - SBI has decided to selectively reduce deposit rates, specifically lowering the term deposit rate for the 2-year to less than 3-year maturity bucket by 5 basis points from 6.45% to 6.40% [1]. - The interest rate for the specific tenor scheme of "444 days" (Amrit Vrishti) has been cut by 15 basis points from 6.60% to 6.45% [2]. Group 2: Lending Rate Adjustments - SBI has reduced the marginal cost of funds-based lending rate (MCLR) by 5 basis points across the board, with the one-year MCLR now at 8.70% compared to the previous 8.75% [2]. - The External Benchmark Linked Rate (EBLR) has been cut from 8.15% to 7.90%, affecting all retail and MSME loans priced against this benchmark [3].

Fed officials explained their opposition to the central bank's decision this week to cut interest rates by a quarter of a percentage point. ...

Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago, speaks to the Economic Club of New York in New York City, U.S., April 10, 2025.Chicago Federal Reserve President Austan Goolsbee on Friday explained why he voted against this week's interest rate cut, saying policymakers should have waited until they had more information before easing further."While I voted to lower rates at the September and October meetings, I believe we should have waited to get more data, especially about inflati ...

Core Insights - Bitcoin experienced a decline on Thursday despite the Federal Reserve's decision to cut its policy rate by 25 basis points and its announcement to inject additional liquidity into short-term funding markets starting Friday [1] Group 1 - The Federal Reserve cut its policy rate by 25 basis points [1] - The Fed plans to begin injecting additional liquidity into short-term funding markets starting Friday [1] - Bitcoin's price movement was downward even with the Fed's actions [1]

Core Viewpoint - Bitcoin continues to trend lower despite a 25 basis point interest rate cut by the U.S. Federal Reserve, indicating a complex macroeconomic environment ahead [1][4]. Group 1: Market Reaction to Fed Actions - The Federal Reserve's recent actions, including a planned purchase of $40 billion in T-Bills, mark its first balance sheet expansion since mid-2022, reflecting a shift in monetary policy [2]. - Despite the rate cut, Bitcoin has declined by 2% in the past 24 hours, trading just under $90,200, with market sentiment indicating a bearish outlook [3]. - Prediction markets show a mere 17% chance of a "Santa rally" for Bitcoin in 2025, with a 5% decrease in the likelihood of Bitcoin reaching $100,000 compared to dropping to $69,000 [3]. Group 2: Economic Concerns and Future Outlook - Analysts express concern that the potential for further easing by the Fed is diminishing, as indicated by downward revisions in rate-cut expectations for 2026 [5]. - The upcoming midterm elections in 2026 may necessitate looser fiscal policies and a more dovish Fed to sustain economic growth, which could lead to a temporary mix of fiscal stimulus and monetary easing [6]. - However, this combination poses risks of rekindling inflation and increasing long-term interest rates, which could negatively impact global risk assets, including Bitcoin [7].

Bloomberg Bitcoin slipped in Asia trading hours while other risk assets gained after the US Federal Reserve cut interest rates and expressed optimism about the economy. The original cryptocurrency fell as much as 3.2% to briefly dip below $90,000 on Thursday, down from an intra-day high of $94,490 the day before, according to data compiled by Bloomberg. Smaller tokens also retreated, with Ether shedding as much as 5.2% of its value. Most Read from Bloomberg Bitcoin later recovered some of that ground t ...

Core Viewpoint - Northrim BanCorp (NRIM) shares have shown significant upward momentum, driven by positive market sentiment regarding interest rate cuts and strong earnings expectations [2][3]. Company Performance - NRIM shares increased by 6% in the last trading session, closing at $26.34, with notable trading volume [1]. - The stock reached a 52-week high of $26.55, reflecting optimism around a potential 25-basis-point interest rate cut [2]. - The company is expected to report quarterly earnings of $0.64 per share, representing a year-over-year increase of 30.6%, with revenues projected at $50.8 million, up 15.8% from the previous year [3]. Earnings Estimates - The consensus EPS estimate for NRIM has been revised 6.2% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [4]. - Empirical research suggests a strong correlation between earnings estimate revisions and near-term stock price movements, highlighting the importance of monitoring NRIM's performance [3][4]. Industry Context - NRIM is part of the Zacks Banks - West industry, which has seen a general bullish sentiment among investors, benefiting from the broader market trends [4]. - Another company in the same industry, CVB Financial (CVBF), has also experienced positive performance, closing 3.7% higher at $20.37, with a month-to-date return of 4.9% [4].

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]