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Your daily horoscope: January 14, 2025

  HOROSCOPES IF TODAY IS YOUR BIRTHDAY If your current way of working does not seem to be taking you closer to your goals then ditch it completely and start over. New technologies such as artificial intelligence could help you immensely this year, IF you have the intelligence to use them wisely. ARIES (March 21 - April 20): There is a lot of pressure building up in your life at the moment but that’s okay because you thrive on being challenged. When the going gets tough Aries is the first sign to get tough in return and today will be no exception. TAURUS (April 21 - May 21): You may be in two minds about what direction you should be taking but what occurs over the next 24 hours will point the way and all you have to do is follow the lead that the universe gives you. Get past your doubts and get moving. GEMINI (May 22 - June 21): If you start something new today it will take up a lot more time and energy than you expected, so think about it carefully and make sure you will be able to...
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US Stocks Stall as Fed Decision Day Arrives

                                             

Wall Street is on edge today as the Federal Reserve prepares to announce its next interest rate decision at 2 p.m. ET. Investors and Main Street alike are closely watching Chair Jerome Powell’s press conference following the decision. The stakes are high, and caution prevails as the market awaits any potential shifts in the Fed’s stance. Here are the current points

  • The S&P 500 opened flat, fresh off an all-time closing high.
  • The Dow Jones Industrial Average dipped 0.2%.
  • The tech-heavy Nasdaq Composite gained 0.2%.

While no change in interest rates is expected this afternoon, all eyes are on the “dot plot.” Analysts suspect that recent hotter-than-expected inflation readings and signs of strength in the US economy could prompt policymakers to forecast rate cuts in 2024, up from the previous three. This uncertainty could weigh on stocks and impact the recent rally.

Bonds are also in focus. Yields on the 10-year Treasury were slightly lower at around 4.28%, after rising over 20 basis points in the past two weeks. The Fed’s statement could further influence bond yields.

On the corporate front, luxury group Kering (KER.PA) (PPRUY) issued a warning that sales at its biggest brand, Gucci, fell 20% in the first quarter, causing shares to slump as much as 15% in Paris.

As the Fed’s decision looms, investors are treading carefully. The market awaits clarity on the central bank’s outlook for the months ahead. Buckle up for a potentially bumpy ride as the dot plot takes center stage! 

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