Federal Reserve delivering third rate cut, Honda and Nissan exploring merger

From Investing.com: 2024-12-18 04:01:18

The Federal Reserve is set to deliver a third straight rate cut, with futures edging higher and Honda and Nissan exploring a merger. The Fed’s policy meeting concludes Wednesday, with a 25-basis point cut expected. Goldman Sachs predicts no cut in January, while Standard Chartered expects one due to softness in the labor market. US stock futures rose ahead of the Fed decision. Oil prices were up as traders awaited the Fed decision and considered tighter sanctions on Russia. Honda, Nissan, and Foxconn are exploring a merger, with Foxconn eyeing a controlling stake in Nissan. Bitcoin fell after reaching a record high, as profit-taking occurred before the anticipated Fed rate cut.



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