It's reasonable for the Fed to be split at this point, says fmr. Fed Governor Frederic Mishkin

The Federal Reserve on Tuesday released minutes from its highly divisive meeting earlier this month, which concluded with a vote to lower interest rates again that appeared to be an even closer call than the final vote indicated. Officials expressed a variety of opinions during the Dec. 9-10 meeting, according to the summary provided a day ahead of its ...

Since the last FOMC meeting on Dec 10th (which resulted in a more-dovish-than-expected 25bps rate cut along with 3 dissents), precious metals have been the biggest gainers (as the dollar weakened) while crude oil has been a laggard. Stocks small bid, bonds unch... chart Crypto has notably decoupled from gold and stocks... chart Rate-cut odds have risen ...

Markets are relatively quiet through the holiday period, so traders are looking ahead to the expected shift in FOMC voters next year - what can we expect from the central bank in 2026? FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s chart of the day, Silver.