I’ve been busy peering into the crystal ball for 2026. It’s foggy, naturally, and dare I say it, a bit boring. The consensus? Reasonable US growth, underpinned by AI and high income consumers. Europe looks steady, though buoyed by German stimulus.
The Fed is losing effectiveness in part due to the fiscal irresponsibility of Congress. $2 trillion and growing budget deficits have made effective monetary policy almost impossible.
Bitcoin price trades at $85,071 as Fed rate cut odds jump to 69.40% while spot ETFs face worst month of outflows since January launch with $2.47B in redemptions.
Kevin O'Leary warns that Americans are staying broke because of impulse spending and rising debt, urging disciplined saving as new data shows consumer spending continues to climb despite inflation and widening income gaps.
Anthony Jospeh Amaradio recommends following the 10-10-80 Giving and Saving Lifestyle Plan, which emphasizes 10% of your income to be for charity, 10% for your savings, and 80% for your expenses.
EUR/USD posts moderate losses during the North American session on Friday as the US Dollar holds firm after the release of mixed economic data and dovish comments by Federal Reserve (Fed) officials.
Shares of IT distribution giant Ingram Micro (NYSE:INGM) jumped 2.7% in the afternoon session after comments from a key Federal Reserve official hinted at a potential interest rate cut in December. John Williams, president of the Federal Reserve Bank of New York, signaled he was open to lowering the fed funds rate—the key interest rate that banks charge each other for overnight loans—to support the job market. Speaking at an event, Williams stated that he sees “room for a further adjustment” for interest rates, which immediately shifted market expectations. Following his remarks, the perceived likelihood of an interest rate cut at the Federal Reserve's December meeting flipped from unlikely to more likely than not. The prospect of lower borrowing costs sent a wave of optimism through the markets, leading to a rally in major indices like the S&P 500, Dow Jones Industrial Average, and the Nasdaq Composite.
A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official bolstered hopes for an interest rate cut. New York Federal Reserve President John Williams stated he sees “room for a further adjustment” in the near term, sparking a significant market rally. Following his remarks, the probability of the central bank cutting rates at its December meeting jumped from 39% to over 73%, according to the CME FedWatch tool. This positive sentiment provided relief to markets amid concerns over high valuations, particularly in AI-related stocks.
A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official hinted at a potential interest rate cut in December. John Williams, president of the Federal Reserve Bank of New York, signaled he was open to lowering the fed funds rate—the key interest rate that banks charge each other for overnight loans—to support the job market. Speaking at an event, Williams stated that he sees “room for a further adjustment” for interest rates, which immediately shifted market expectations. Following his remarks, the perceived likelihood of an interest rate cut at the Federal Reserve's December meeting flipped from unlikely to more likely than not. The prospect of lower borrowing costs sent a wave of optimism through the markets, leading to a rally in major indices like the S&P 500, Dow Jones Industrial Average, and the Nasdaq Composite.
A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official hinted at a potential interest rate cut in December.
Shares of biotech company Vertex Pharmaceuticals (NASDAQ:VRTX)
jumped 2.7% in the afternoon session after comments from a key Federal Reserve official bolstered hopes for an interest rate cut.
