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The Fed's final meeting of the year is expected to include a 25 basis points interest rate cut. Key economic data releases this week include US retail sales and November PCE.
The two-year Treasury, which is highly sensitive to Fed policy, surged 10 basis points to 4.34%. The Fed cut its benchmark rate another 25 basis points, in line with what investors had expected.
In the oil market, crude prices plunged more than 6%, representing the biggest one-day decline since September 2022 after Israel's attack against Iran over the weekend avoided oil facilities.
Investors are pricing in a 69% chance the Fed is still on track to cut rates two more times this year, but odds for a rate cut in January have fallen to 45%, down from 66% a week ago, according to ...
A bitcoin crash could be the stock market's top threat next year, Interactive Brokers chairman says. In commodities, bonds, and crypto: West Texas Intermediate crude oil dropped 1.26% to $69.80 a ...
The 10-year Treasury yield rose three basis points to 3.775%. Investors are on high-alert for fresh economic signals, particularly as they anticipate more rate cuts from the Fed.
Here's what else is going on today: Here's why bitcoin stopped short of $100,000 — and when it might get there. The S&P 500 could rocket another 17% in 2025 as risk appetite improves, according ...
Traders are still betting on hefty rate cuts by year-end, with markets pricing in a 67% chance the Fed could cut rates 100 basis points or more by December, per the CME FedWatch tool.