Anonymous ID: 965ec7 Dec. 18, 2024, 4:10 a.m. No.22185676   🗄️.is 🔗kun

BBerg's Opening Notes

 

Fed Expected to Cut Rates Again Today

 

By Alexandria Arnold

December 18, 2024

 

Good morning. The US Federal Reserve is expected to lower rates for a third-straight meeting today. Elon Musk looks to make an English friend. And Opinion’s Tyler Cowen argues this country’s food is the best in the world. Listen to the day’s top stories.

 

The Federal Reserve is expected to lower rates by 25 basis points today, with focus on Chair Jerome Powell’s posturing for January and an updated “dot plot” of economic projections that may to point to just three cuts in 2025. But some options traders are betting the market’s view is too hawkish, and there will be more rate reductions than what’s currently anticipated.

 

Fed Needs to Bring Down Rates 'A Little,' BofA Chief Says

 

Panic in Brazil. Traders are saying “sell first, ask later” as the prospect of a financial crisis engulfs assets from stocks to local-currency debt. The widening rout shows investors are increasingly skeptical that President Luiz Inacio Lula da Silva is serious about reining in a soaring fiscal deficit. Brazil’s lower house approved the first part of Lula’s plan to cut the equivalent of about $11.5 billion in spending.

 

In Canada, Prime Minister Justin Trudeau tried to downplay the most serious challenge yet facing his leadership, alluding to the sudden resignation of Finance Minister Chrystia Freeland on Monday. “Like most families, sometimes we have fights around the holidays,” Trudeau told a holiday gathering for his Liberal Party. Donald Trump chimed in, inviting Canada to become the 51st US state.

 

Elon Musk is making friends across the pond. Nigel Farage, leader of the populist Reform UK party, wrote in a local newspaper that he’s in “ongoing negotiations” with Musk about a political donation. Musk is reportedly considering giving up to $100 million. Less friendly: Senator Elizabeth Warren challenged Trump to set ethics guardrails to control a “massive conflict of interest” posed by Musk’s unofficial role in his transition and incoming administration.

 

And it wouldn’t be the end of the year without the threat of a US government shutdown. Lawmakers agreed to extend government funding into March, with a bill that includes $100 billion in disaster aid. But House Speaker Mike Johnson’s struggle for a deal is an ominous sign for his party’s ability to push through Trump’s early priorities.

 

[Moar at the link]

 

https://www.bloomberg.com/news/newsletters/2024-12-18/fed-expected-to-cut-rates-again-today

Anonymous ID: 965ec7 Dec. 18, 2024, 4:57 a.m. No.22185916   🗄️.is 🔗kun   >>5969 >>6114

Senate Democrats Propose Constitutional Amendment To Abolish Electoral College

 

Authored by Sam Dorman via The Epoch Times,

 

Senate Democrats proposed a constitutional amendment on Dec. 16 that would abolish the Electoral College and ensure the country’s presidential elections were determined by the popular vote.

 

“It is time to retire this 18th-century invention that disenfranchises millions of Americans,” Senate Judiciary Chairman Dick Durbin (D-Ill.) said in a press release.

 

 

He and Sens. Brian Schatz (D-Hawaii) and Peter Welch (D-Vt.) proposed the legislation after another proposal emerged in the House last week.

 

“No one’s vote should count for more based on where they live,“ Schatz said in the press release. ”The Electoral College is outdated and it’s undemocratic. It’s time to end it.”

 

https://www.zerohedge.com/political/senate-democrats-propose-constitutional-amendment-abolish-electoral-college

Anonymous ID: 965ec7 Dec. 18, 2024, 5:29 a.m. No.22186061   🗄️.is 🔗kun   >>6084 >>6114

>>22186053

Backwoods Engineer - THE ORIGINAL @BackwoodsEnginr

 

Make E15 Ethanol sales permanent?

GRRRRRRRRRRRRRRRRRRRRRRRRRR!

This kind of crap has to stop.

 

Quote

zerohedge @zerohedge

·

Here is Grok's summary of the short-term funding bill meant to keep government open and funded until March 14 x.com/RepMikeCollins…

 

https://twitter.com/BackwoodsEnginr/status/1869371779577487524

Anonymous ID: 965ec7 Dec. 18, 2024, 5:38 a.m. No.22186091   🗄️.is 🔗kun

il Donaldo Trumpo @PapiTrumpo

 

T.E.S IS REAL!!!😎😂😂😂

 

https://twitter.com/PapiTrumpo/status/1869186329403412868