Wells Fargo expects the Federal Reserve to implement two 25 basis point rate cuts this year, in September and December, after forecasting three rate cuts.
JPMorgan cut its forecast for the number of Fed rate cuts this year from three to two.
On December 26, local time on the evening of December 25, Yemen's Houthi rebels issued a statement saying that they carried out two drone attacks on Israeli targets. The first attack targeted a "sensitive key facility" in the Jaffa area south of Tel Aviv, and the drone successfully hit the target; the second attack targeted the industrial area in Ashkelon, which was also "successful".
Mr. Daly said the Fed was very pleased with its forecast of two rate cuts in 2025, while his own forecast was for much fewer cuts next year than previously expected.
Morgan Stanley: The Federal Reserve is expected to cut interest rates twice in 2025 by 25 basis points each, compared to the previous forecast of three 25 basis point cuts.
According to DogeDesigner, Musk has been at risk of being attacked twice in the past 10 months. DogeDesigner said Musk spent $44 billion to acquire Twitter (now renamed X) to defend free speech and even risk his life. Without the acquisition, the platform could become another media platform controlled by the US Democratic Party.
The whale, which had previously earned $15.69 million through two BTC bands, got back on the bus 11 hours ago and spent $53.65 million to buy 553.3 WBTC, with an average price of $96,966.
Barclays said it expected the Federal Reserve to cut interest rates just two times in 2025, by 25 basis points each, compared with a previous forecast of three cuts. The Bank of England is expected to leave rates unchanged at its December meeting, compared with a previous forecast of a rate cut.
The Federal Reserve's Daley reiterated his view that it may cut interest rates once or twice more this year.
Soneium, the Sony Layer 2 project, has announced two major upgrades at the end of this month, introducing Granite and Fjord via a dual hard fork upgrade, and updating its Layer 1 contract to v1.6.0. Soneium says these upgrades will improve its security and efficiency, prepare Soneium Minato to join Superchain and expand the Soneium ecosystem with other OP L2s, and they will also enable Superchain governance to oversee future L1 contract upgrades, thus strengthening the decentralization of its ec...
Trump said inflation last month was much worse than expected, twice as high as expected, with most of the increase coming from rising food prices, rising rents and housing costs, and rising car prices. Interest rates are also a big factor. They are very high. In fact, the Federal Reserve cut rates a little too fast. The drop was so big that everyone knew it was a political maneuver. Under Biden and Harris, the economy was a complete mess due to inflation. But Harris said she couldn't think she w...
Fed Daly: There may be one or two more rate cuts this year. We will monitor the data, monitor the labor market and inflation, and adjust rates as needed.
Kazuo Ueda, governor of the Bank of Japan, said that despite two interest rate hikes, Japan's interest rate may still be lower than the neutral rate.
Goldman Sachs CEO Solomon: As the fall approaches, expect to see two, maybe even three, rate cuts from the Federal Reserve.
Goldman Sachs CEO Solomon said that as the fall comes, it is expected to see two, maybe even three, Fed rate cuts. The outlook for banks is slightly weaker, and I still think a soft landing is the most likely outcome. The current guess is that the Fed will drop by 25 basis points for the first time, but 50 basis points is still possible.