From Investing.com: 2025-01-17 06:17:00

Fed governor Christopher Waller hinted at a possible rate cut in the first half of the year, boosting expectations for a 25-basis-point cut by June. Despite solid US retail sales and bank earnings, Wall Street slipped. China’s GDP beat didn’t lift markets as uncertainty looms over Trump’s inauguration. The pound continued to weaken, while a stronger yen weighed on the Nikkei. Government bond yields fell as investors increased rate cut bets, with year-end expectations rising to around 42 bps. The dollar held steady against uncertainty ahead of Trump’s inauguration. The weaker pound lifted the FTSE, while the Nikkei was pressured by the stronger yen. Wall Street saw a rebound losing steam, with Bitcoin soaring above $100,000.



Read more at Investing.com: Markets Turn Cautious Ahead of Trump Inauguration