The Bank of England kept its main interest rate unchanged at 5.25% and said monetary policy may “need to be restrictive for an extended period of time.”
‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management
Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means “bonds are back,” according to HSBC Asset Management.
Manhattan median rent falls for the first time in over two years
The median rent in Manhattan fell 2% in November, to $4,000 from $4,095, according to Douglas Elliman and Miller Samuel.
She’s got one of the world’s ‘worst’ passports but still managed to visit more than 100 countries
Maliha Fairooz wants to visit every country in the world, despite having a Bangladeshi passport, which is ranked eighth worst globally.
DoubleLine’s Jeffrey Gundlach says 10-year Treasury yield will fall to 3% next year
“I think we’re still going to have bonds rallying,” Gundlach said.” “We will see the 10-year Treasury yield in the low threes sometime next year.”
Fed holds rates steady, indicates three cuts coming in 2024
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond.
Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%
The Federal Reserve dialed back its inflation projection on Wednesday, seeing its favorite gauge falling to 2.4% in 2024.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting.
Stocks making the biggest moves midday: Etsy, Pfizer, Tesla, Vertex Pharmaceuticals and more
These are the stocks posting the largest moves in midday trading.
Wholesale prices held flat in November, providing another encouraging inflation signal
The producer price index, which measures a broad range of prices on final demand items, was unchanged for the month.