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Fed Minutes to Offer Clues on How Far and Fast Officials Can Cut

(Bloomberg) -- Several Federal Reserve officials have signaled they’re open to cutting interest rates at a more deliberate pace next year as they grapple with the uncertainties of a Republican takeover in Washington, a pickup in productivity and slower improvement on inflation.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener Fut

Deutsche Bank’s Chadha Targets S&P 500 at 7,000 as Economy Roars

(Bloomberg) -- The S&P 500 will hit 7,000 points by the end of next year, according to Deutsche Bank AG’s Bankim Chadha, making him the most optimistic among Wall Street strategists predicting further gains for US stocks. Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billi

Federal prosecutors seek records from company that deployed AI weapons scanner on NYC subway

Federal investigators in New York are seeking records from the manufacturer of an AI-powered weapons scanner that was briefly deployed this summer in New York City’s subway system. The tech company, Evolv, revealed in a public filing that it “received a voluntary document request from the U.S. Attorney’s Office of the Southern District of New York” on Nov. 1. The U.S. Attorney’s Office in Manhattan declined to comment on the request, which was first reported by the Daily News.

Some Fed policymakers open to lowering the overnight repo rate

Some Federal Reserve policymakers believe it may soon be time to lower the rate on funds that banks and money market funds park at the Fed, minutes from the Fed's most recent meeting indicated, so that it once again matches the bottom of the range of the policy rate. The so-called overnight reverse repurchase agreement rate, one of two technical lending rates the Fed uses to ensure the federal funds rate stays within its monetary policy target range, is currently set at 4.55%, while the policy rate range is 4.5% to 4.75%. The overnight reverse repurchase agreement rate has ridden 5 basis points above the bottom of the Fed's policy rate range since 2021, when the Fed adjusted it to firm up the "floor" of the policy rate range.

Oil Falls on Anticipation of Israel-Hezbollah Cease-Fire Deal

(Bloomberg) -- Oil fell on anticipation that Israel and Lebanon-based Hezbollah would reach a cease-fire agreement, a deal that was announced after futures settled and which was expected to reduce the threat to crude flows from the Middle East. Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Ke