The Latest Breaking News from US Federal Reserve

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.59%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.48%, both at 23-month highs. Stock index futures this morning are extending Wednesday’s gains after the Fed signaled an end to its tightening campaign. The Fed also pivoted...

Step into the pulsating heart of Asia's market as it quivers with anticipation! Investors ride an exhilarating wave of 'melt up' as the Fed hastens pivot.

December S&P 500 futures (ESZ23) are up +0.29%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.37% this morning as the Federal Reserve’s indication of interest-rate cuts next year boosted sentiment, while investors also awaited crucial U.S. retail sales data.

The European Central Bank and the Bank of England were on Thursday expected to pause rates again as inflation retreats, while markets cheered the US Federal Reserve's clear signal that it would start slashing borrowing costs in 2024.

Shares are mostly higher in Asia after a powerful rally across Wall Street sent the Dow Jones Industrial Average to a record high as the Federal Reserve indicated that interest rate cuts are likely next year

BoE insists that monetary policy must remain restrictive for ‘an extended period’, after money markets anticipated five rate cuts in 2024

The ASX200 has closed up 1.65 per cent to hit a four-month high, while the Aussie dollar climbed to more than 67 US cents on a mixed domestic jobs report.

Asian markets rallied Thursday and the dollar extended losses after the Federal Reserve indicated it will begin cutting interest rates next year.

“The bears are running for cover and may have to go into hibernation” after the Fed’s dovish outlook, said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.