Tuesday, December 12, 2023

Wednesday's News Links

[Yahoo/Bloomberg] Stocks Are Steady in Pre-Fed Caution; Tesla Slips: Markets Wrap

[Reuters] Oil prices hold near six-month lows

[Yahoo/Bloomberg] Bond Market’s Big Rate-Cut Wager Faces a Reckoning From the Fed

[Reuters] US budget deficit hits record high for November on interest costs

[AP] Federal Reserve may shed light on prospects for rate cuts in 2024 while keeping key rate unchanged

[Yahoo/Bloomberg] The Fed Isn’t Ready to Speculate on Rate Cuts — Yet

[Reuters] Fed likely to hold rates steady, signal couple of cuts in 2024

[Reuters] Morning Bid: Powell - Naughty or nice?

[Reuters] US producer prices unchanged in November

[CNBC] Mortgage refinance demand jumps 19% after rates hit lowest level since July

[Yahoo/Bloomberg] Blistering Treasuries Rally Silences Deficit-Obsessed Vigilantes

[Yahoo/Bloomberg] Sell S&P 500 in ‘Every Scenario’ Looms as Rally Is Overheating

[Yahoo/Bloomberg] Private Equity Owners Hand Over Company Keys as Defaults Rise

[Reuters] More than 50 injured as 10 Russian ballistic missiles target Kyiv -Ukraine

[Reuters] China Nov bank loans rise less than expected, more easing expected

[Yahoo/Bloomberg] Xi Disappoints Investors by Skipping Signal for Big Stimulus

[Reuters] Japan's business mood hits near 2-year high, keeps BOJ exit in focus

[Reuters] UK economy shrinks, testing BoE's resolve on rates

[Yahoo/Bloomberg] ‘There Is No Money’: Argentina Begins Economic Shock Remedy

[Reuters] Argentina devalues peso, cuts spending to treat fiscal deficit 'addiction'

[Reuters] Chinese forces approached close to Taiwan coast to 'intimidate' voters before key elections - sources

[Reuters] Nations strike deal at COP28 to transition away from fossil fuels

[Bloomberg] Markets Aren't Doing Jerome Powell's Work Anymore

[Bloomberg] The World’s Poorest Countries Buckle Under $3.5 Trillion in Debt

[NYT] ‘I Have No Future’: China’s Rebel Influencer Is Still Paying a Price

[WSJ] Houthi Rebel Attacks Rattle Global Shipping

[FT] Federal Reserve set to hold interest rates at 22-year high

[FT] The unexpected revival of America’s trade unions

[FT] Inflation’s bumpy descent

Tuesday Evening Links

[Yahoo/Bloomberg] Asian Stocks to Tread Cautiously Ahead of Fed Meet: Markets Wrap

[Reuters] Wall St hits fresh 2023 highs after inflation data; Fed on deck

[CNBC] Here’s everything the Fed is expected to do Wednesday

[AP] How rising prices for restaurants, car repair and other services kept inflation up last month

[Yahoo/Bloomberg] Bond Market’s Big Rate-Cut Wager Faces a Reckoning From the Fed

[CNN Live] Zelensky meets with Biden and lawmakers in push for more Ukraine aid

[Yahoo/Bloomberg] Investors Are Unprepared for Stock Shocks, Wells Fargo Strategist Warns

[Reuters] Why are US stocks sluggish? Blame a record $5 trillion options expiration

[FT] Rise in US core inflation highlights stubborn price pressures

Tuesday Afternoon Links

[Yahoo/Bloomberg] Stocks, Bonds, Dollar Drift on ‘Mood Dampener’ CPI: Markets Wrap

[Yahoo/Bloomberg] Treasuries Swing to Gain After Solid Demand at 30-Year Auction

[Yahoo/Bloomberg] Oil Falls to Five-Month Lows as US, Russia Bolster Glut Concerns

[Reuters] Stubbornly high rental costs lift US consumer inflation in November

[Reuters] China says it will step up policy adjustments to spur recovery in 2024

[WSJ] Russia Has Lost Almost 90% of Its Prewar Army, U.S. Intelligence Says