By Howard Schneider WASHINGTON (Reuters) -The U.S. Federal Reserve can still cut interest rates "in the near term" without putting its inflation goal at risk, New York Fed President John Williams said on Friday in comments that prompted traders to shift bets firmly in favor ​of a December rate reduction even as other officials insisted borrowing costs should remain steady for now. "I view monetary policy as being modestly restrictive...Therefore, ‌I still see room for a further adjustment in the near ter ...

Currency Market Overview - The yen received support as Japanese officials increased verbal intervention to address its decline, while the dollar is on track for its largest weekly rise in six weeks [1][2] - The yen rose 0.4% to 156.82 per dollar, although it remained near a 10-month low of 157.90 and is expected to lose 1.5% for the week [2] - The yen has fallen approximately 6% since Prime Minister Sanae Takaichi's election on October 4, with concerns over Japan's fiscal position due to her spending policies [3] Government Intervention - Japanese Finance Minister Satsuki Katayama indicated that intervention is a possibility to manage excessive volatility, which has heightened trader alertness for potential yen buying [1][2] - The last significant intervention by Tokyo involved spending 5.53 trillion yen (nearly $37 billion) in July 2024 to stabilize the yen from 38-year lows [4] Economic Stimulus - Takaichi's cabinet approved a substantial economic stimulus package of 21.3 trillion yen ($135.4 billion), aimed at bolstering the economy [3] Broader Market Context - The dollar is set for a weekly gain, with mixed signals regarding potential Federal Reserve rate cuts, influenced by a delayed U.S. nonfarm payrolls report [6] - New York Fed President John Williams suggested that the central bank could still consider rate cuts in the near term, which has led to increased market speculation about a rate cut next month [7]

Core Viewpoint - J.P. Morgan has withdrawn its forecast for a 25-basis-point Federal Reserve rate cut in December, aligning with Morgan Stanley's decision, following a stronger-than-expected US jobs report [1] Group 1 - J.P. Morgan's decision reflects a shift in market expectations due to recent economic data [1] - The stronger-than-expected US jobs report has influenced the outlook for interest rates [1]

Treasuries gained after a mixed jobs report kept the likelihood of a Federal Reserve rate cut next month alive. https://t.co/gSnW4u2Teq ...

Sandy_Plus / Shutterstock.com Quick Read With a yield of 5.93%, KGC was also upgraded by analysts at Stifel not too long ago. The firm raised its price target on the KGS stock to $48 with a buy rating. Analysts at Loop Capital just reiterated their buy rating on Amazon with a price target of $360. Even with all of the chaos, analysts remain bullish on Nvidia ahead of earnings. Just this morning, Stifel reiterated its buy rating on the tech giant. If you’re thinking about retiring or know someone w ...

Market Overview - U.S. stocks experienced a decline, with the S&P 500 falling as much as 0.6% in early trading, marking a potential fourth consecutive day of losses, the longest since August [1] - Concerns are rising regarding overinflated valuations of AI and tech companies, particularly ahead of Nvidia's earnings report [1][2] Company-Specific Insights - Nvidia, valued at approximately $4.6 trillion, is seen as a bellwether for the AI ecosystem, with significant market expectations surrounding its upcoming earnings report [2] - The shares of Nvidia were down about 2.5% in early trading, indicating market apprehension [3] Expert Opinions - Daniel Pinto, vice president of JPMorgan, warned of a potential correction in AI stocks, suggesting that it could lead to broader declines in the S&P and the industry [4] - Investment director Russ Mould emphasized the critical nature of Nvidia's earnings results, stating that even a mild disappointment could trigger a wider market sell-off [3] Economic Context - The market is experiencing jitters ahead of delayed U.S. economic data releases, including September's jobs numbers, which could influence the Federal Reserve's decision on interest rates [5] - Recent comments from Federal Reserve officials have created uncertainty regarding a potential rate cut in December, with the probability of such a cut dropping to 47% [6]

Nvidia Corporation’s (NASDAQ:NVDA) November 19 earnings report has emerged as the single biggest catalyst for global equities.Despite signs of slowing from its previous 50% growth pace, Nvidia remains at the center of Big Tech’s multitrillion-dollar data center spending plans.The U.S. chip designer became the first company to top the $4.5 trillion market cap in October 2025 as its graphics processing units, or GPUs, became pivotal for AI applications and video gaming.Also Read: Nvidia’s $1 In AI Chips Fuels ...

Market Outlook - Short-term market weakness is attributed to reduced expectations of a December Fed rate cut, but the market's underlying strength extends through 2026 due to a better profit cycle [2][3] - The market is factoring in a better profit cycle through 2026, supported by easier financial conditions and liquidity [3] - Taking advantage of market weakness is advised, as the current situation lacks fundamental news [6][9] Key Economic Drivers - Digital infrastructure, beyond just AI, is a significant driver, with substantial room for growth [4] - Boomer spending in travel, leisure, and entertainment is masking weakness in lower-end consumer spending, contributing to overall healthy consumer spending [4][5] - Profit momentum is a crucial factor driving the market, creating a flywheel effect [5] Portfolio Strategy - Overweighting equities is recommended, utilizing market weakness for strategic entry [9] - A neutral allocation to non-dollar assets is advised for dollar-based investors, acknowledging slowing growth in Europe and the UK, but picking up in Japan [12][13] - Concerns about an AI bubble are premature, as debt financing has not yet reached levels that cannot be substantiated by cash flows [9][10]

Core Insights - Crypto investment products experienced significant outflows totaling $1.17 billion for the second consecutive week, indicating ongoing investor withdrawal from the market [1][8] - The outflows are attributed to rising unease in financial markets, exacerbated by a prolonged U.S. government shutdown and uncertainty surrounding the Federal Reserve's next rate cut [2][5] - Bitcoin and Ethereum were the primary contributors to the outflows, with Bitcoin products seeing $932 million and Ethereum products $438 million in losses [3][8] - Despite the overall negative sentiment, Solana investment products stood out with inflows of $118 million, marking a total of over $2.1 billion in inflows over nine weeks [4][9] Market Context - The ongoing U.S. government shutdown has halted the release of critical economic indicators, leaving the Federal Reserve to make decisions without essential data [5] - The market's volatility has been compounded by a lack of fresh economic data, which typically guides monetary policy decisions [5] - Initial optimism regarding potential rate cuts was dampened by hawkish comments from Fed Chair Jerome Powell, leading to further outflows in digital asset markets [6] Investment Trends - Short Bitcoin ETPs were among the few products to attract inflows, receiving $11.8 million, the highest weekly total since May 2025, indicating a shift in investor strategy amid market uncertainty [4]

Bitcoin (BTC-USD) had a rough week, with the token briefly slipping below $100,000, its lowest level in six months. On Friday, the world's largest cryptocurrency was sitting as much as 20% off its all-time high of above $126,000 notched on Oct. 6. Wall Street has attributed the slide to early adopters offloading their large holdings. Since late June, net sales from long-term holders have exceeded 1 million bitcoin, according to research from Compass Point analyst Ed Engel. A massive liquidation of lever ...