Bloomberg Daybreak: US Edition Fed's Final Rate Decision of Year; Honda & Nissan Merger?
Dec 18, 2024
The focus is on the Federal Reserve's pivotal rate decision amid a sluggish economy and persistent inflation. Exciting developments arise as Honda and Nissan explore a potential merger with Foxconn. Legal drama unfolds with the indictment of Luigi Mangione in a high-profile murder case. Sports highlights feature Cody Bellinger's move to the Yankees and the ups and downs across major leagues, enhancing the dynamic intersection of finance, law, and sports news.
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Fed's Balancing Act
- The Federal Reserve is expected to lower borrowing costs while signaling fewer cuts next year.
- Economists predict a rate cut, but the Fed faces conflicting economic signals.
Moynihan's Rate Cut Prediction
- Brian Moynihan anticipates Fed rate cuts to reach 3.75%, or three more from the current level.
- He emphasizes the need for a positive-sloping yield curve and real interest rates.
Auto Industry Shakeup
- Nissan and Honda are discussing a potential merger, with Nissan's shares soaring.
- Foxconn also approached Nissan for a stake, potentially accelerating merger talks.