Bloomberg Daybreak: US Edition Investors Ready for Fed Rate Decision; Cool China Eco Data
Dec 16, 2024
Investors gear up for a potential rate cut amidst the year’s final trading week. There's increasing political chatter about state control over drone sightings in the Northeast. Meanwhile, China’s economic slowdown raises concerns, affecting global sentiment. The discussion includes the implications of upcoming Federal Reserve decisions on monetary policy and the fluctuating value of Bitcoin, alongside notable news from the crypto space, international relations, and regional politics.
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Market Focus
- Investors await key economic data and central bank meetings in the final trading week of 2024.
- Goldman Sachs predicts a 25 basis point Fed rate cut, followed by a January pause.
Fed Rate Cut Path
- The future path of Fed rate cuts in 2025 remains uncertain, according to Bill Dudley.
- Dudley suggests the Fed's view on inflation and economic strength will influence its decisions.
Focus on Tax Policy
- Tax policy will be a major focus for the incoming Trump administration.
- Gary Cohn expects Congress to address the personal tax code during this session.