01:48 PM EST, 12/16/2024 (MT Newswires) -- The Federal Reserve is likely to cut interest rates by 25 basis points this week, but it could signal caution regarding the pace of potential monetary policy easing going forward, Saxo Bank said Monday. Markets widely expect the central bank's Federal Open Market Committee to deliver a quarter-percentage-point reduction in its benchmark lending...

The Federal Reserve is widely expected to announce a 25-basis-point rate cut on Dec. 18, marking its third consecutive reduction after slashing rates by 50 basis points in September and by 25 in November. Markets have fully priced in this move, assigning nearly a 100% probability, as per CME FedWatch tool. But the real story isn't just this rate decision...

12:15 PM EST, 12/16/2024 (MT Newswires) -- New York manufacturing activity declined more than projected in December as orders and shipments tumbled, the Federal Reserve Bank of New York said Monday. The Empire State Manufacturing Survey's general business conditions index fell to 0.2 this month from 31.2 in November. The consensus was for a month-to-month drop to 10, according to...

WASHINGTON (Reuters) - U.S. manufacturers are optimistic that the sector will emerge from a prolonged recession next year, though capital expenditure growth was likely to fall short of 2024's pace. The Institute for Supply Management (ISM) survey published on Monday also found purchasing and supply executives at factories predicted higher employment levels in 2025. The ISM's manufacturing Purchasing Managers Index...