Published On: Wed, Dec 13th, 2023

Five Things You Need to Know to Start Your Day

Five Things You Need to Know to Start Your Day
Five Things You Need to Know to Start Your Day


Good morning. The Federal Reserve is set to hold rates, China disappoints stimulus-hungry investors and Argentina undergoes shock therapy. Here’s what’s moving markets. — Sam Unsted

The Federal Reserve is set to hold rates steady for a third consecutive meeting, with an expectation that it will push back against the ramped-up bets on cuts to come next year. Yesterday’s inflation report showing a pick up in consumer prices damped hopes of a more dovish pivot, with a pause the unanimous view of the big banks watching the decision. Chair Jerome Powell has said it is too early to speculate on when rate cuts may start to materialize and instead policymakers are likely to emphasize a desire to stay on hold and continue assessing how higher borrowing costs are impacting the economy.




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