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☆ April a reasonable time for the Bank of Japan to bring rates back to zero, strategist says
▼ + stars: | 2024-01-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApril a reasonable time for the Bank of Japan to bring rates back to zero, strategist saysAlim Remtulla, chief FX strategist at EFG International, discusses the Bank of Japan's latest monetary policy decision, the prospect of a first interest rate hike for 17 years, and what it means for the Japanese yen.

Persons: Alim Remtulla Organizations: Bank of Japan, EFG International, Bank of

☆ Trump's proposed 10% tariff plan would 'shake up every asset class,' strategist says
▼ + stars: | 2024-01-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

Mike Segar | ReutersMarkets need to begin thinking about the structural impact of Donald Trump's proposed 10% tariff increase, which "shakes up every asset class," according to Michael Every, global strategist at Rabobank. He suggested one of investors' top concerns would be the 10% tariff on all U.S. imports. Trump floated the 10% tariff during an interview last year with Fox Business' Larry Kudlow, his former White House economic advisor, saying "it's a massive amount of money." China responded with its own tariffs on U.S. goods, and Trump also imposed tariffs on steel and aluminum imports from most countries, including many of Washington's biggest allies. He noted Trump's tendency to "change his mind" so frequently on geopolitical issues that "people won't know where his thinking is at."

Persons: Donald Trump, Mike Segar, Donald Trump's, Michael Every, Janet Yellen, Ron DeSantis, CNBC's, Trump, Tom Lee, Larry Kudlow, it's, Keen, Joe Biden's, Dan Boardman Organizations: U.S, Republican, New, Reuters, Rabobank, The, Foundation, Forum, GOP, Trump, Fox Business, White, AAF, BRI Wealth Management Locations: New Hampshire, Rochester , New Hampshire, U.S, America, China, Beijing, Weston

☆ Niecy Nash-Betts doesn't regret turning down 'Girls Trip' because it helped Tiffany Haddish's career: 'Everybody can have a turn'
▼ + stars: | 2024-01-22 | by ( Olivia Singh | ) www.businessinsider.com time to read: +2 min

Niecy Nash-Betts told Business Insider she turned down a role in the 2017 comedy "Girls Trip." "I don't regret turning anything down, I don't think," Nash-Betts told Business Insider's Libby Torres for the latest installment of our "Role Play" interview series. "But I did turn down, what was the one with all the girls that went to New Orleans? "I turned down 'Girls Trip,' and they ended up booking Tiffany Haddish and her career completely took off," she said. NetflixDespite turning down a part in "Girls Trip," Nash-Betts' career has been thriving.

Persons: Niecy Nash, Betts, Dina, Tiffany Haddish, Nash, —, Libby Torres, Regina Hall, Queen Latifah, Jada Pinkett Smith, Dahmer, Jeffrey Dahmer, Guy, Raineesha Williams, Glenda Cleveland, Ryan Murphy's, Marion Wilkerson, Ava Duvernay's Organizations: Service, Regina, Netflix Locations: New Orleans, Louisiana, Hollywood, America

☆ Breaking down the 'Fargo' season 5 finale — and whether it connected to past seasons in the end
▼ + stars: | 2024-01-20 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +5 min

Here's a complete breakdown of the finale of "Fargo" season five. Sheriff Tillman is arrested and ends up in prisonJon Hamm as Sheriff Roy Tillman in the "Fargo" season five finale. So, does 'Fargo' season 5 connect to previous seasons? Sienna King as Scotty Lyon and Juno Temple as Dot Lyon in the "Fargo" season five finale. Unfortunately, there aren't any overt connections between "Fargo" season five and the previous seasons, which is surprising considering the Easter eggs that have popped up before.

Persons: Noah Hawley's, Here's, —, Dot Lyon, Sheriff Roy Tillman, Jon Hamm, Sheriff Tillman, Roy Tillman, Tillman's, Tillman, Dot, Witt Farr, Lamorne Morris, he's, Gator, Joe Keery, Lorraine Lyon, Jennifer Jason Leigh, Roy, Ole Munch, Sam Spruell, Wayne, David Rysdahl, Scotty, Sienna King, she's, Lyons, Munch, Lyon, Scotty Lyon, Keith Carradine, Lou Solverson, Patrick Wilson, Lou, Wrench, Russell Harvard, Mary Elizabeth Winstead's, Mike Milligan, Bokeem, Satchel Cannon, Rodney L, Jones, didn't Organizations: Service, Juno, Sheriff, FBI Locations: Fargo, Roy

☆ A guy just signed a contract to rent an apartment using bitcoin, likely a world first
▼ + stars: | 2024-01-17 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

A landlord and tenant in Argentina signed the country's first-ever bitcoin-based rental contract. New regulation in Argentina allows bitcoin to be used as a valid currency in contracts. AdvertisementArgentina's and possibly the world's first-ever bitcoin-based rental contract has been signed, according to a report, marking a major milestone for crypto adoption. AdvertisementThe payments will be made via the Fiwind platform, which both parties are active members of, the company told Paginal12. A company spokesperson told Paginal12 that it is the first agreement of its kind, "at least in Argentina."

Persons: —, Argentina's, Paginal12, Florencia Feldman, it's, Javier Milei, Argentinians, cryptocurrencies Organizations: Service, SEC Locations: Argentina, Rosario, bitcoin

☆ ‘Succession’ and ‘The Bear’ Win Big at Emmys
▼ + stars: | 2024-01-16 | by ( Joseph Pisani | ) www.wsj.com time to read: 1 min

“Succession,” “The Bear” and “Beef” dominated the 75th Emmy Awards on Monday night, winning top awards during a show that seemed like a throwback to another era, when TikTok didn’t exist and people still tuned in for appointment TV. FX’s “The Bear,” about a Chicago restaurant, won a total of 10 awards—the most of any show—including best comedy. Stars Jeremy Allen White, Ayo Edebiri and Ebon Moss-Bachrach picked up acting Emmys. “Succession,” about a media mogul and his family, won best drama for its final season, while Kieran Culkin and Sarah Snook won acting accolades. “Beef,” a Netflix dark comedy, won best limited series and acting awards for Ali Wong and Steven Yeun.

Persons: ”, TikTok, Jeremy Allen White, Ebon Moss, Bachrach, Kieran Culkin, Sarah Snook, “, Ali Wong, Steven Yeun Locations: Chicago

☆ ‘Beef’ and ‘The Bear’ have gotten awards season love, and that says lot about us
▼ + stars: | 2024-01-16 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Netflix’s “Beef” and FX/Hulu’s “The Bear” are enjoying the kind of awards season hot streak that so many shows wish they could cook up. The way their feud unfolds in the 10 proceeding episodes highlights the inequity that is introduced in that scene. Steven Yeun and Ali Wong star in "Beef." Chuck Hodes/FXBoth shows are critically acclaimed and have have been sweeping award shows this season, most recently winning multiple Emmy Awards, and it’s not hard to see why. In the talented and diverse ensemble casts, the perfect vehicles to further explore the deep issues at the center.

Persons: Ali Wong, Steven Yeun, Wong’s Amy, Danny, ”, Jeremy Allen White, that’s, Allen’s, Edwin Lee Gibson, Lionel Boyce, Marcus, Liza Colón, Zayas, Tina, Ebon Moss, Bachrach, Richard, Richie, Jerimovich, Matty Matheson, Neil Fak, Chuck Hodes Organizations: CNN, Benz, Netflix, ” Locations: Tacoma, Chicagoland

☆ Takeaways from the Emmy Awards
▼ + stars: | 2024-01-15 | by ( Brian Lowry | ) edition.cnn.com time to read: +5 min

CNN —After a four-month delay prompted by Hollywood’s twin actors and writers strikes, the 75th annual Emmy Awards finally have their moment in the spotlight. With its trio of technical wins at earlier Emmy presentations, the show drove away with eight awards in all. Brunson became the first Black women recognized as lead comedy actress in more than four decades, since Isabel Sanford of “The Jeffersons.”Quinta Brunson accepting the award for lead actress in a comedy at Monday's Emmy Awards. John Oliver, winner of outstanding scripted variety series with "Last Week Tonight with John Oliver," speaks onstage at Monday's Emmy Awards. Because of the postponement, the Emmys somewhat awkwardly followed the Golden Globes and Critics Choice Awards in rapid succession.

Persons: HBO’s, ”, Ali Wong, Steven Yeun, Anthony Anderson, Christina Applegate, Carol Burnett, Quinta Brunson, Ayo, “ Abbott, –, Brunson, Isabel Sanford of, ” Quinta Brunson, Valerie Macon, Edebiri, Jeremy Allen White, Ebon Moss, Bachrach, “, Jennifer Coolidge, Matthew Macfadyen, ” Niecy Nash, Betts, Jeffrey Dahmer, John Oliver ”, Trevor Noah, John Oliver, Elton John, Oscar, Tony –, Sarah Kate Ellis Organizations: CNN, HBO, Netflix, MLK, “, Getty, Comedy, EGOTs, Disney, Globes, Fox, NFL, The Television Academy, Writers Guild of America, GLAAD Locations: Isabel Sanford of “, AFP, Noah’s, Hollywood

☆ What we can expect from season 3 of 'The Bear'
▼ + stars: | 2024-01-15 | by ( Olivia Singh | ) www.businessinsider.com time to read: +4 min

FX's "The Bear," starring Jeremy Allen White and Ayo Edebiri, got renewed for a third season. AdvertisementJeremy Allen White is returning to the kitchen for season three of "The Bear." AdvertisementAccording to White, season 3 will return to the 'functioning kitchen atmosphere'Jeremy Allen White as Carmy on season two of "The Bear." Season 3 is set for release sometime in 2024Jeremy Allen White on season two of "The Bear." AdvertisementConsidering how quickly the show is filmed, fans can expect season three to be on track for release later this year.

Persons: Jeremy Allen White, Edebiri, White, —, Carmen, Ayo Edebiri, Ebon Moss, Bachrach, Richie, it's, Abby Elliott, Natalie, Lionel Boyce, Marcus, Liza Colón, Zayas, Tina, Edwin Lee Gibson, Matty Matheson, Neil Fak, Jon Bernthal's, Michael Berzatto, there's, Carmy, Claire, Jeremy, . White Organizations: Service, Hulu, Sydney Adamu, Variety, Globes, Entertainment Locations: Chicagoland, Sydney

☆ Opinion | Here Comes Trump, the Abominable Snowman
▼ + stars: | 2024-01-13 | by ( Maureen Dowd | ) www.nytimes.com time to read: 1 min

It’s the latest hot TV genre: a woman in a frigid outpost, bundled in puffy outerwear, trying to uncover truths buried in ice. And now I find myself in puffy outerwear, trudging through snow in glacial Iowa, trying to uncover truths buried in the ice. I don’t have as much of a mystery to unravel as the TV detectives. The only thing the horde of reporters here is trying to figure out is if Donald Trump will win the caucuses on Monday with a plurality or if he can pull off a majority. No one is expecting a Jimmy Carter/Barack Obama-style upset.

Persons: puffy outerwear, ” Jodie Foster, ” Emma Corrin, Donald Trump, Jimmy Carter, Barack Obama Organizations: puffy Locations: Alaska, Iceland, Iowa

☆ Dollar pares gains on soft U.S. inflation data
▼ + stars: | 2024-01-12 | by ( ) www.cnbc.com time to read: +3 min

The dollar index pared gains on Friday after U.S. producer prices unexpectedly fell in December, raising expectations of an early U.S. rate cut. That led traders to add to bets for a rate cut in the coming months. Fed funds futures now imply a 79% chance of a March rate cut, up from 73% on Thursday, according to the CME Group's FedWatch Tool. Traders maintained their view that a March rate cut is likely even after consumer price inflation data on Thursday came in above economists' expectations. The dollar index was last up 0.19% at 102.40.

Persons: Steve Englander, Englander, Martin Luther King Jr, Sterling, bitcoin Organizations: U.S, British, Global, Research, Standard Chartered Bank, Branch, Traders, U.S . Securities, Exchange Commission, Wednesday Locations: Yichang, Hubei province, U.S, Yemen, America, Zealand, Iran, Red, Gaza

☆ Dollar gains before inflation data, bitcoin slips
▼ + stars: | 2024-01-09 | by ( ) www.cnbc.com time to read: +3 min

The dollar rose against the euro and yen on Tuesday as traders awaited inflation data on Thursday for clues on when the Federal Reserve is likely to cut rates. But Fed expectations are likely to continue to drive dollar moves. The release on Thursday of the consumer price inflation report for December will be the main piece of economic data this week. If the data confirms that inflation is continuing to moderate it could boost expectations for a March rate cut, though if it comes in above expectations it could also reverse some of that pricing. The U.S. dollar index , which measures the greenback against a basket of six currencies, was last up 0.33% at 102.55.

Persons: Bipan Rai, Kamal Sharma, steepening, Sharma Organizations: Federal Reserve, Securities and Exchange, CIBC Capital Markets, Bank of America, Fed, U.S, Bank of Japan, Investment Locations: North American, Toronto, U.S, Asia, Bitcoin

☆ Dollar falls as traders focus on data for Fed policy clues
▼ + stars: | 2024-01-08 | by ( ) www.cnbc.com time to read: +2 min

The greenback initially bounced on Friday after data showed that U.S. employers hired 216,000 workers in December, above economists' expectations in a Reuters poll, while average hourly earnings rose 0.4%, which was also above expectations. The U.S. currency then dropped, however, as investors focused on some underlying factors in the jobs report that showed less strength. It declined further after a separate report showed the U.S. services sector slowed considerably in December, with a measure of employment dropping to the lowest level in nearly 3-1/2 years. The release on Thursday of the consumer price inflation report for December will be the main piece of economic data this week. Fed funds futures traders are pricing in rate cuts beginning in March, though the odds of a move that soon have fallen.

Persons: Helen, Raphael Bostic Organizations: Federal Reserve, greenback, Monex USA, New York Fed, Traders, Atlanta Fed Locations: U.S, Washington

☆ Jennifer Jason Leigh on 'Fargo,' 'Fast Times,' 'Hateful Eight' & Most Famous Roles
▼ + stars: | 2023-12-14 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +8 min

Jennifer Jason Leigh knows how to make an entrance. Juno Temple as Dorothy "Dot" Lyon and Jennifer Jason Leigh as Lorraine Lyon in "Fargo" season five. Phoebe Cates and Jennifer Jason Leigh in "Fast Times at Ridgemont High." On the enjoyable experience of getting punched by Kurt RussellKurt Russell and Jennifer Jason Leigh in "The Hateful Eight." On losing out on Catwoman — and the other role that got awayJennifer Jason Leigh as Sadie Flood in "Georgia."

Persons: Jennifer Jason Leigh, Lorraine Lyon, Leigh, she's, Daisy Domergue, Quentin Tarantino's, Hedy Carlson, Sadie Flood, Noah Hawley's, Dot, Juno Temple, Dorothy, Lyon, Michelle Faye, Temple, Phoebe Cates, Julia Roberts, Stacy, Kurt Russell Kurt Russell, Kurt Russell, Kurt, I'd, Catwoman —, Miramax You've, Tim Burton, Michelle Pfeiffer, I've, there's, There'd Organizations: Business, Juno, Lorraine, TWC, Miramax, Miami, Hulu Locations: Minnesota, Hollywood, Georgia, Fargo, Dot, Ridgemont

☆ Dollar stems decline after heavy November selloff
▼ + stars: | 2023-12-05 | by ( ) www.cnbc.com time to read: +3 min

U.S. dollar banknotes are seen in Chicago on October 18, 2022. The dollar regained some ground on Tuesday and hovered near a one-week high against major peers, while bitcoin extended its momentum on optimism that U.S. regulators could soon approve exchange-traded spot bitcoin funds. The euro , meanwhile, languished near a three-week low hit on Monday and last traded $1.0840, while the dollar index stood near a more than one-week high and was last at 103.59. Analysts say the greenback's move higher was in part due to a reversal of its heavy selloff in recent weeks, which saw the dollar index falling some 3% in November, its steepest monthly decline in a year. In cryptocurrencies, bitcoin last stood at $41,873, not far from the previous session's peak of $42,404, its highest level since April 2022.

Persons: bitcoin, Sean Callow, Thierry Wizman, Bitcoin, Nexo, Antoni Trenchev Organizations: U.S, Westpac, Traders, Federal Reserve, New Zealand, Reserve Bank of Locations: Chicago, Asia, Tokyo, Reserve Bank of Australia

☆ President RFK Jr. and an AI deepfake security crisis headline Saxo Bank's 8 outrageous predictions for 2024
▼ + stars: | 2023-12-05 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Denmark's Saxo Bank published its annual list of outrageous predictions Tuesday. They flagged risks including an AI deepfake security crisis and Robert F. Kennedy Jr. winning the US presidential election. Headlining the bank's predictions this year are Robert F. Kennedy Jr. winning the 2024 presidential election and the rise of generative AI sparking a national security crisis in the US. Meanwhile, Saxo sees a high-profile government official getting tricked by AI deepfake technology, triggering a national security crisis. "Outrageous predictions are a deliberate effort to push the boundaries of market participants' imaginations and prepare them for any eventuality," Saxo added.

Persons: Robert F, Kennedy Jr, —, Saxo, –, Joe Biden, Donald Trump, John Hardy, Hardy, Peter Garnry Organizations: Denmark's Saxo Bank, Service, RFK, Big Tech, New York Times, EU Locations: Wall, Silicon, FiveThirtyEight

☆ Moody's cuts China credit outlook, citing lower growth, property risks
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +5 min

[1/2] A Chinese national flag flutters at the headquarters of a commercial bank on a financial street near the headquarters of the People's Bank of China, China's central bank, in central Beijing November 24, 2014. "The outlook change also reflects the increased risks related to structurally and persistently lower medium-term economic growth and the ongoing downsizing of the property sector," Moody's said. "Moody's concerns about China's economic growth prospects, fiscal sustainability and other aspects are unnecessary," the ministry said. STRUGGLING FOR TRACTIONMost analysts believe China's growth is on track to hit the government's target of around 5% this year, but that compares with a COVID-weakened 2022 and activity is highly uneven. Analysts widely agree that China's growth is downshifting from breakneck expansion in the past few decades.

Persons: Kim Kyung, Moody's, Ken Cheung, Pan Gongsheng, COVID, Goldman Sachs, Gnaneshwar Rajan, Kevin Yao, Tom Hogue, Kim Coghill Organizations: People's Bank of China, REUTERS, Mizuho Bank, Economic Work Conference, Fitch, China's Finance Ministry, International Monetary Fund, Thomson Locations: Beijing, Hong Kong, China, outflows, Bengaluru

With so many shows on TV and streaming services, it's impossible not to miss a gem or two. “The Bear,” FX on HuluLet's start off with a public service announcement to watch “The Bear” if you haven't already. Any given episode can make you laugh, cry, feel anxious and excited by its genius casting of guest stars. “Perry Mason,” HBOSomething happened between season one and season two of HBO’s “Perry Mason” starring Mathew Rhys. “Shrinking,” Apple TV+Therapy and grief don't sound like a recipe for a feel-good comedy, but “Shrinking” pulls it off.

Persons: shouldn't, Hulu Let's, Carmy, Jeremy Allen White, Chris O'Dowd, M.O . Walsh, David West Read, Gerry Turner, Turner, “, you’re, Dominique Fishback, Donald Glover, Fishback, Dre, Chloe Bailey, Damson Idris, Paris Jackson, Halsey, Billy Eilish, ” Max, Cary, Brooke, Chase —, Max, Drew Tarver, Heléne Yorke, Molly Shannon, momager, Chase, Case Walker, ” Ali Wong, Steven Yeun, Wong, ”, Ronald Gladden, James Marsden, Lee Eisenberg, Gene Stupnitsky, “ Perry Mason, “ Perry Mason ”, Mathew Rhys, Mason, Jason Segel, Jimmy, resentfully, Christa Miller, Harrison Ford, Jessica Williams —, Segel, Bill Lawrence, Brett Goldstein, Roy Kent, Ted Lasso, Max Yes, Roy, percenters, —, Logan Roy, Brian Cox Organizations: The Associated Press, FX, Hulu, Apple, ABC, Associated Press, “, Chase Dreams, Netflix, AP, HBO Locations: Chicago, “

☆ Friday's analyst calls: Big drug stock upgrade, Alibaba downgrade, a new AI play
▼ + stars: | 2023-12-01 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The analyst lowered her price target to $99 from $106 per share. The new price target implies just a 5% gain from Thursday's close. The analyst's $115 price target, hiked from $70 previously, implies 43% upside from where the stock closed Thursday, at $80.36. ET: Morgan Stanley downgrades Alibaba Morgan Stanley cut Alibaba to equal-weight from overweight and lowered the firm's price target to $90 from $110. The analyst's $190 price target implies shares can rise just 2.6% from where they closed Thursday.

Persons: JPMorgan downgrades, Jessica Fye, Fye, Sarah Min, Wells Fargo, Andrew Nowinski, GenAI, Nowinski, FactSet, — Sarah Min, Morgan Stanley downgrades Alibaba Morgan Stanley, Alibaba, Morgan Stanley, PDD, John Melloy, Jason Bazinet, Bazinet, Johnson, Danielle Antalffy, Antalffy, Robert Ohmes, — John Melloy Organizations: CNBC, Spotify, JPMorgan, Investors, U.S, PDD Holdings, Citi, UBS, Johnson, Pharma, Bank of America, of America, Costco Locations: BioNTech, Thursday's, Wells Fargo, China, Darzalex, DARZALEX

☆ Asia shares start Dec on cautious note, oil nurses losses
▼ + stars: | 2023-12-01 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.5% after a surge of 7.3% last month, the most since January. The Federal Reserve's preferred gauge of inflation - the personal consumption expenditures (PCE) price index - stood unchanged for October, while consumer spending also pulled back. Fed funds futures imply rate cuts of 115 basis points. The yield on 10-year Treasury notes slipped 3 basis points in Asia to 4.3264%, on top of a plunge of 52.2 basis points for the month. Two-year Treasury yields fell 4 basis points to 4.674%.

Persons: Tyrone Siu, sharemarkets, HSI, Rodrigo Catril, Jerome Powell's Q, Waller, Robert Carnell, Christopher Waller, Treasuries, Stella Qiu, Jamie Freed Organizations: REUTERS, Tyrone, Rights, Japan's Nikkei, National Australia Bank . Regional, Federal, Traders, ING, Fed, South Korean, Philippine, Brent, West Texas, Thomson Locations: Exchange, Hong Kong, China, Europe, U.S, Asia, Pacific, Japan, South

☆ Euro zone inflation dents euro, dollar rises from three-month low
▼ + stars: | 2023-11-30 | by ( Samuel Indyk | ) www.reuters.com time to read: +4 min

A New Zealand dollar coin sits atop a United States one dollar bill in this photo illustration taken on March 11, 2016. Consumer price growth in the 20 nations that share the euro currency dropped to 2.4% in November from 2.9% in October, well below expectations for a fall to 2.7%. The euro dropped as much as 0.5% against the dollar to $1.0910. The Japanese currency has firmed almost 3% against the dollar in November and is on course for its strongest month this year. Sterling was last at $1.2646, down 0.39% on the day, while the Australian dollar fell 0.1% to $0.6610.

Persons: David Gray, Matthew Landon, disinflation, Landon, ECB policymaker Fabio Panetta, Mohamad Al, Jerome Powell, Christopher Waller, Christopher Wong, Toyoaki Nakamura, Sterling, It's, Samuel Indyk, Ankur Banerjee, Vidya Ranganathan, Kim Coghill, Miral Fahmy, Susan Fenton Organizations: New Zealand, REUTERS, European Central Bank, Morgan Private Bank, ECB, ECB policymaker, Danske Bank, Bank of Japan, Thomson Locations: States, Europe, U.S, London, Singapore

☆ Dollar drifts near three-month low, focus on inflation data
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: +3 min

The index is down 3.7% in November on growing expectations the Fed will cut interest rates in the first half of 2024. The dollar clawed back some of its losses on Wednesday after data showed the U.S. economy grew faster in the third quarter than initially reported. "Markets will continue to play to focus on what FOMC officials say about the prospect of the upcoming rate-hike cycle." Two of the best-performers are at the polar opposite ends of the "carry" spectrum — the New Zealand dollar and Japanese yen . On Thursday, yen strengthened 0.09% to 147.11 per dollar, remaining close to two and half month high of 146.675 per dollar it touched on Wednesday.

Persons: Carol Kong, Jerome Powell, Christopher Waller, Christopher Wong, Goldman Sachs, Sterling Organizations: Federal, Commonwealth Bank of Australia, New Zealand, Bank of Japan Locations: U.S

OTTAWA, Nov 30 (Reuters) - The Canadian economy unexpectedly contracted at an annualized rate of 1.1% in the third quarter, data showed on Thursday, avoiding a recession but showing growth stumbling ahead of next week's interest-rate decision. The economy avoided slipping into a technical recession - defined as two consecutive quarter-on-quarter contractions - because second-quarter GDP data was revised up to a 1.4% gain from an initial report of a 0.2% decline, Statistics Canada said. The BoC has remained on the sidelines since July after lifting its benchmark interest rate to a 22-year high of 5% to tame inflation. "The bottom line is that the economy is still sputtering along," said Royce Mendes, head of macro strategy at Desjardins Group. Real GDP most likely edged up 0.2% in October after a 0.1% gain in September, Statscan said.

Persons: Doug Porter, Royce Mendes, Bipan Rai, Statscan, Ismail Shakil, Steve Scherer, Dale Smith, Divya Rajagopal, Fergal Smith, Mark Porter Organizations: OTTAWA, Bank of Canada's, Statistics, BMO Capital Markets, Canadian, U.S ., BoC, Desjardins Group, Bank of Canada, Bank, CIBC Capital Markets, Thomson Locations: Canadian, Statistics Canada, North America, Ottawa, Toronto

For much of this year central banks have successfully pushed back against rate cut bets. "I believe the Fed will act rationally and begin to cut rates by the end of next year, but we can't rule out the scenario that the Fed is not going to cut rates and just let the ramifications of recession do what they do." Reuters GraphicsSHIFT NEARINGMarkets now fully price in a 25 basis point U.S. rate cut in May, having seen a 65% chance earlier this week. "There are now committee members in all three (banks) willing to talk about rate cuts next year," said Chris Jeffery, head of rates and inflation strategy at LGIM. "The ECB should begin to ease policy as soon as April 2024, with risks that a more sinister downturn in growth could warrant a rate cut as soon as March," he said.

Persons: Jonathan Ernst, ramping, It's, Nate Thooft, Goldman, Christopher Waller, Huw Pill, Yannis Stournaras, Chris Jeffery, we'd, Dario Perkins, Simon Harvey, Yoruk, Naomi Rovnick, Harry Roberston, Davide Barbuscia, Ira Iosebasvili, Saqib Iqbal Ahmed, Dhara Ranasinghe, Catherine Evans Organizations: . Federal, REUTERS, ECB, U.S . Federal Reserve, European Central Bank, Manulife Investment Management, Treasury, Graphics, Bank of England, Deutsche, Lombard, Traders, Yoruk Bahceli, Thomson Locations: Washington, United States, Europe, Goldman Sachs, Greek, Amsterdam, London

☆ Morning Bid: Waller to Wall St, Fed's on the turn
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +6 min

A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. But back in the markets, the Fed's policy pivot was all the rage as Treasury yields and dollar plunged anew. New York Fed chief John Williams said long-term inflation expectations were anchored, reassuring and "remarkably stable". Fed futures now have the first Fed rate cut of a quarter point fully priced for May and 110bps of rate cuts by year-end. Two-year Treasury yields plunged more than 15 basis points to four-month lows of 4.66% on Wednesday, with 10-year yields hitting their lowest since mid-September - a startling drop of more than 75bps in little over a month.

Persons: Brendan McDermid, Mike Dolan, Wall, Charlie Munger, Berkshire Hathaway's Munger, Warren Buffett, Christopher Waller, Jerome Powell, Waller, John Williams, Austan Goolsbee, Michelle Bowman, Powell, Stocks, smartly, Hong, Thomas Barkin, Loretta Mester, Andrew Bailey, BoE, Andrew Hauser, Blinken, Sergey Lavrov, Jane Merriman Organizations: Wall, REUTERS, Federal Reserve, Waller . New York Fed, Chicago Fed, HK, Austria's, Holdings, Richmond Fed, Cleveland Fed, Bank of England, London, Russian, Foods, Intuit, Petco, Thomson, Reuters Locations: New York, U.S, Berkshire, Waller ., China, Europe, Vienna, North Macedonia

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