Federal Reserve Governor Stephen Miran said the central bank should move more aggressively on interest rates this year, arguing that rate reductions totaling more than 100 basis points are justified as underlying inflation pressures continue to fade. In an interview with Maria Bartiromo on FOX Business’ "Mornings with Maria," Miran said inflation is already running close to the Federal Reserve’s 2% target once temporary measurement distortions are stripped out. He said current policy remains clearly restric ...

European stocks closed higher on Tuesday with some in the region recording record highs, with investors digesting regional PMI and inflation readings, and closely following the developments on the geopolitical front.The pan European Stoxx 600 climbed 0.58%. The U.K.'s FTSE 100 moved up 1.18%, Germany's DAX edged up 0.09% and France's CAC 40 gained 0.32%, while Switzerland's SMI ended 0.56% up.Among other markets in Europe, Austria, Belgium, Czech Republic, Denmark, Finland, Netherlands, Norway, Portugal, S ...

Is the 60/40 portfolio back? If you ask Gargi Pal Chaudhuri, BlackRock's chief investment and portfolio strategist for its Americas division, the answer is yes — at least for now. For decades, an allocation of 60% stocks and 40% bonds has been a cornerstone of portfolio construction.Your stock allocation would handle the growth, while the bond allocation would play defense by locking in a steady return and promising the chance to sell for a profit if the stock market went through a rough patch. But in 202 ...

Key Points Whether the Federal Reserve will continue to lower interest rates this year is the question everyone is asking. President Trump is clearly in favor of more rate cuts, but the rate-setting Federal Open Market Committee (FOMC) still has to make the call. Fed Chair Jerome Powell, with whom Trump has been at odds, will see his term end in May, giving Trump the power to install a new Fed chair. Still, the decision is up to the FOMC, which appears to be growing increasingly divided with each passing Fe ...

New Federal Reserve research examines the relationship between high tariffs and reduced inflation.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The research note from the Federal Reserve Bank of San Francisco, pu ...

After opening flat, France's equity benchmark CAC 40 drifted lower Tuesday morning with investors digesting the nation's inflation and PMI data, and making largely cautious moves.The index was down 49.25 points or 0.6% at 8,162.25 a little before noon.Legrand and Dassault Systemes tumbled 3.7% and 3.6%, respectively. Capgemini and Saint Gobain lost a little over 3%, and Bureau Veritas drifted down 2.1%.BNP Paribas, Hermes International, Schneider Electric, Publicis Groupe, LVMH, Air Liquide, Accor and Soci ...

Money market accounts (MMAs) can be a great place to store your cash if you're looking for a relatively high interest rate along with liquidity and flexibility. Unlike traditional savings accounts, MMAs typically offer better returns, and they may also provide check-writing privileges and debit card access. This makes these accounts ideal for holding long-term savings that you want to grow over time, but can still access when needed for certain purchases or bills. Find out which banks have the best MMA rat ...

Summary of Key Points from the Conference Call Industry and Company Overview - The conference call primarily discusses the impact of macroeconomic factors on various asset classes, particularly focusing on the Federal Reserve's monetary policy, U.S. economic growth, and commodity markets, including metals and currencies. Core Insights and Arguments Federal Reserve's Asset Purchases - The Fed's decision to restart asset purchases at a rate of $40 billion per month aims to enhance control over short-term interest rates during periods of market stress, which is expected to support front-end liquidity and sensitive risk assets [9][2][8] U.S. Economic Growth Outlook - The U.S. GDP growth in Q3 2025 surprised to the upside at 4.3% quarter-over-quarter, compared to a consensus of 3.3%. This growth is attributed to strong consumption and exports, with firms passing through tariff costs by raising prices, which is expected to lower downside risks to the labor market and support a growth rebound in 2026 [14][3][16] Metals Market Sustainability - The recent rally in metals is deemed sustainable, driven by demand from AI-related power consumption. Data centers are projected to consume 500,000 tons of copper in 2025, increasing to approximately 740,000 tons in 2026, contributing significantly to copper demand growth [19][20] Japanese Yen and Interest Rates - A weaker Japanese Yen could lead to a deeper sell-off in long-end Japanese government bonds (JGBs). The Bank of Japan's lack of urgency regarding rate hikes may create perceptions of being behind the curve on inflation, potentially exacerbating the depreciation of the Yen [22][24] UK Inflation and Bank of England - UK inflation fell to 3.2% year-over-year in November, leading to expectations of a rate cut by the Bank of England in Q1 2026. The inflation drop is attributed to seasonal effects and a rapid decline in food prices [26][27] Other Important Insights - The Fed's asset purchases are not classified as quantitative easing but are intended to improve liquidity conditions in the money market [9] - The potential for further price increases by U.S. corporates is anticipated through Q1 2026, with core CPI inflation expected to rise to 3.0% early next year [14] - The discussion highlights the sensitivity of risk assets to liquidity conditions, as evidenced by the widening of 2-year UST SOFR swap spreads following the Fed's announcement [10][12] This summary encapsulates the key points discussed in the conference call, providing insights into the macroeconomic environment and its implications for various asset classes.

4 January 2026 | 5:40PM EST Economics Research US ECONOMICS ANALYST 2026 Inflation Outlook: Traveling Toward Target Ronnie Walker +1(917)343-4543 | ronnie.walker@gs.com Goldman Sachs & Co. LLC Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. c45a43530f604d12bcb9a82b5aa6b9f6 n Progress on core PCE inflation stalled this year at 2.8% ...

5 January 2026 | 6:05AM GMT Economics Research EUROPEAN ECONOMICS ANALYST Euro Area Outlook 2026: Cyclical Boost, Structural Drag, Unchanged Rates Sven Jari Stehn +44(20)7774-8061 | jari.stehn@gs.com Goldman Sachs International Filippo Taddei +44(20)7774-5458 | filippo.taddei@gs.com Goldman Sachs International Alexandre Stott +33(1)4212-1108 | alexandre.stott@gs.com Goldman Sachs Bank Europe SE - Paris Branch Katya Vashkinskaya +44(20)7774-4833 | katya.vashkinskaya@gs.com Goldman Sachs International Giovann ...