• Yahoo Finance Video

    Trump's tariff policy 'a game changer' for the Fed: Economist

    President-elect Donald Trump's outlook on tariffs could bring inflationary pressure to the US economy, raising questions about the Federal Reserve's monetary policy path. Federal Reserve Chair Jerome Powell suggested this could result in fewer interest rate cuts than anticipated. On Market Domination, Nomura chief economist for developed markets David Seif explains why Trump's proposed tariff policy is "a game changer" for Fed policy. Seif predicts the Fed will implement one rate cut in December, followed by another in March 2025, adding that "that's gonna be it for 2025." He cites two key factors: "We're already seeing a decent amount of strength in the economy," and the likelihood that tariffs will create inflationary pressure by mid-2025 that "forces the Fed" to limit further cuts. Regarding the implementation of tariffs, Seif believes Trump's actions will align with his campaign promises. "This is Trump's second term," he notes, emphasizing that tariffs were a "centerpiece" of Trump's campaign. Given that Trump has surrounded himself with pro-tariff politicians, Seif expects him to "hit the ground running." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith

  • The Canadian Press

    Powell says Fed will likely cut rates cautiously given persistent inflation pressures

    WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed's officials want to see where it heads next.

  • Associated Press

    New Zealand fast bowler Tim Southee to retire after home test series against England

    Veteran New Zealand fast bowler Tim Southee has announced he will retire from international cricket when the Black Caps' home test series against England finishes in December. The 35-year-old Southee, who is second on the New Zealand test wicket-taking list behind Richard Hadlee with 385, says the third test on his home ground in Hamilton will be his last.