Wednesday, December 13, 2023

Thursday's News Links

[Yahoo/Bloomberg] Dovish Fed Spurs Stock, Bond Rally on Easing Bets: Markets Wrap

[Yahoo/Bloomberg] Dollar Drops to Weakest Since August as Traders Eye Fed Pivot

[Yahoo/Bloomberg] Treasuries 10-Year Yield Falls Below 4% as Fed Sees Rate Cuts

[Yahoo/Bloomberg] Credit Rally Extends on Dovish Fed With Spreads at 22-Month Low 

[Yahoo/Bloomberg] Oil Rises From Lowest Since June After US Stockpile Drawdown

[Yahoo/Bloomberg] Wall Street Traders Go All-In on Great Monetary Pivot of 2024

[CNBC] Retail sales rose 0.3% in November vs. expectations for a decline

[Reuters] US Treasury market braces for overhaul as SEC adopts new clearing rules

[Reuters] ECB pushes back against rate cut bets with pledge to stay tight

[Reuters] Bank of England pushes back against rate cut speculation

[Yahoo/Bloomberg] SNB Calls End to Hiking Cycle, Signals Shift in Franc Policy

[Yahoo/Bloomberg] China’s Economy Seen Weakening on Drags From Deflation, Property

[AP] China’s economy is forecast to slow sharply in 2024, the World Bank says, calling recovery ‘fragile’

[Reuters] China's set to boost liquidity injection but keep key rate unchanged

[Yahoo/Bloomberg] China’s Cold Blast to Put Power Supplies Under Huge Pressure

[Yahoo/Bloomberg] Hedge Fund Fraud Probe Raises Alarms for China Risk Managers

[Reuters] Why the Indian Ocean could be China's Achilles' heel in a Taiwan war

[Reuters] Putin press conference: Ukraine, the West and the Russian economy

[NYT] The Markets Are Getting Ahead of the Fed

[WSJ] World Central Banks Signal Victory Over Inflation Is in Sight

[WSJ] How a Plan to End Poor Countries’ Debt Crises Created a New One

[FT] Jay Powell reveals Federal Reserve’s hand on US interest rates

[FT] ECB keeps rate on hold but lowers inflation forecast

[FT] Andrew Bailey warns ‘still some way to go’ as BoE holds rates at 5.25%

[FT] Charles Goodhart: ‘We’re in for a fiscal crisis down the road and we don’t know how to solve it’

Wednesday Evening Links

[Reuters] Gold climbs over 1% after Fed signals end of rate hikes

[AP] Stock market today: Dow hits a record as Wall Street rallies after the Fed signals rate cuts in 2024

[Reuters] With Fed rate hikes likely done, Powell says timing of cuts is the next question

[AP] Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year

[New York Times] Fed Leaves Rates Unchanged and Signals Three Cuts Next Year

[WSJ] Fed Holds Rates Steady and Sees Cuts Next Year

[WSJ] The Fed’s Yield-Curve Problem

[FT] Federal Reserve sparks market rally as it signals interest rate cuts in 2024

[FT] There’s a serious rally in Treasuries

Wednesday Afternoon Links

[Yahoo/Bloomberg] Treasuries Surge Most Since March as Fed Greenlights Rate Cuts

[Yahoo/Bloomberg] Stocks Climb as Fed ‘Done Taking Punch Bowl Away’: Markets Wrap

[Yahoo/Bloomberg] Dollar Drops Most in a Month as Fed Weighs 2024 Rate Cuts

[CNBC] Fed holds rates steady, indicates three cuts coming in 2024

[Reuters] Wall St edges up on cooling inflation, focus on Fed verdict

[Yahoo/Bloomberg] Oil Rises as Large US Stockpile Drawdown Gives Bears Pause

[Yahoo/Bloomberg] Wall Street Braces for Big Test of Dovish Fed Bets: Markets Wrap

[Reuters] Fed flags end of rate hikes, sees drop in borrowing costs in 2024

[Reuters] US bankruptcy wave may stretch into 2024, but pace could slow

[Yahoo/Bloomberg] Argentina Bonds Rise to Two-Year High After Milei Debuts Shock Plan

[Yahoo/Bloomberg] Hedge Funds to Get New SEC Mandate to Centrally Clear US Treasuries Trades

[Yahoo/Bloomberg] Wildfires Are Unleashing Dangerous Metals From Soil, Study Shows

[Bloomberg] Get Ready for $5 Eggs Again After Bird Flu Hits Top US Producer

[WSJ] What Cardboard Prices Tell Us About the State of the Economy

[WSJ] So Much Empty Office Space, So Few Easy Options

[FT] SEC votes to expand central clearing in overhaul of $26tn Treasury market

[FT] Poor countries’ debt costs to hit ‘crisis’ levels, says World Bank