Bloomberg News Now: Fed Rate Decision, Trump on Fed Chair, Miami Mayor, and GOP Healthcare Plan

Federal Reserve Policy Decision

• 📈 Global bond yields have risen to highs not seen since 2009, preceding the Federal Reserve's final policy decision of the year.
• 🎯 Traders are nearly certain a quarter-point rate cut is imminent, but focus is on the Fed's Dot Plot and 2026 outlook.
• ⚠️ There's a possibility of three policymakers voting against the decision, a first since 2019, as forecasts for unemployment and inflation in 2026 are scrutinized.

Donald Trump's Political Activities

• 🗣️ President Trump criticized Federal Reserve Chair Jay Powell at a rally in Pennsylvania, suggesting he has a preferred candidate to lead the Fed.
• 💰 He addressed voter concerns about the cost of living, arguing that tariffs have benefited farmers and encouraged domestic manufacturing.
• 🖋️ Trump also commented on President Biden's use of auto-pen signatures, suggesting it could be a way to potentially remove Federal Reserve governors.

Political Victories and Healthcare Debates

• 🗳️ Eileen Higgins made history by winning Miami's mayoral runoff, becoming the first woman and first Democrat in decades to hold the position.
• 🏥 Senate Republicans are preparing to vote on a plan to counter Democratic efforts to extend Affordable Care Act subsidies.
• 📉 The Republican proposal includes health savings accounts but also restrictions that could alienate Democratic support, with neither party's plan expected to pass.