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WIIM

QIPT

Quipt Home Medical shares are trading lower after the company reported worse-than-expected Q4 sales results.

EVgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) shares are trading lower in premarket trading following the announcement of the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42527145/evgo-inc-announces-pricing-of-secondary-offering-of-class-a-common-stock" rel="noreferrer noopener">pricing of a secondary public offering</a>.
The previously announced offering by EVgo Holdings, an affiliate of LS Power Equity Partners IV, involves 23 million shares of EVgo&#8217;s Class A common stock priced at $5.00 per share.
Additionally, LS Power has granted underwriters a 30-day option to purchase up to <a target="_blank" href="https://www.benzinga.com//node/42517779" rel="noreferrer noopener">3.45 million more shares at the same price.</a>
Notably, EVgo itself is not selling any shares, and the company will not receive any proceeds from the offering. Instead, all funds raised will go to LS Power.
The offering is expected to close on December 18, 2024, pending standard closing conditions. J.P. Morgan, Goldman Sachs, Morgan Stanley, and Evercore ISI are leading the offering, with several other financial institutions involved.
Also Read:<a target="_blank" href="https://www.benzinga.com/24/12/42482968/evgo-125b-holiday-gift-propels-it-to-jpmorgans-top-pick-list" rel="noreferrer noopener"> EVgo: $1.25B &#8216;Holiday Gift&#8217; Propels It To JPMorgan&#8217;s Top Pick List</a>
Recently, EVgo announced the closure of a $1.25 billion guaranteed loan facility from the U.S.<a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/12/42481436/evgo-closes-1-25-billion-loan-from-government-to-expand-fast-charging-network-stock-gains" rel="noreferrer noopener"> Department of Energy&#8217;s Loan Programs Office.</a>
This loan is part of the DOE&#8217;s Title 17 Clean Energy Financing Program and is designed to support EVgo&#8217;s ambitious plans to expand its public electric vehicle (EV) charging infrastructure.
The company aims to build 7,500 new fast charging stalls across the U.S., increasing its network to at least 10,000 stalls by 2029.
This expansion will more than triple EVgo&#8217;s network footprint, positioning it as a leader in supporting the country&#8217;s transportation electrification efforts.
Price Action: EVGO stock is down 22.5% at $4.898 premarket at last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42525257/analyst-hikes-teslas-price-target-to-515-musk-expresses-hope-for-stock-to-touch-69042" target="_blank" rel="noreferrer noopener">Elon Musk Hopes TSLA Stock Will Reach $690 As Analysts Raise Price Target Despite Technical Indicators Flashing Warning Signals</a></li>
</ul>
Image: Courtesy of EVgo, Inc.

Equities

News

Offerings

Markets

Movers

General

EVGO

Why Is Fast Charging Network EVgo Stock Plunging Today?

Biotech

IMMP

Immutep Reports Initial Safety Data For IMP761, The First LAG-3 Agonist, In Phase I Trial With No Treatment-Related Adverse Events; Additional Data Expected In H1 2025 To Support Autoimmune Disease Treatment Potential

On Tuesday, ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) and tier-one automotive supplier Denso Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOF#OTC">DNZOF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNZOY#OTC">DNZOY</a>) announced that they are strengthening their long-term relationship to support the procurement of autonomous driving (AD) and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42522062/onsemi-and-denso-collaborate-for-a-strengthened-relationship" rel="noreferrer noopener">advanced driver assistance systems (ADAS) technologies</a>.
ON Semiconductor has supplied Denso with the latest intelligent automotive sensors to enhance ADAS and AD performance for over a decade.
These semiconductors have become increasingly vital in improving vehicle intelligence, including connectivity, to help reduce traffic accident fatalities.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42520765/super-micro-drops-below-50-day-average-faces-nasdaq-100-removal-just-months-after-entry" rel="noreferrer noopener">Super Micro Drops Below 50-Day Average, Faces Nasdaq 100 Removal Just Months After Entry</a>
Denso President Shinnosuke Hayashi emphasized the importance of a strong supply chain for critical materials like semiconductors, noting that Denso, the world&#8217;s second-largest supplier of automotive systems and parts, relies on this to deliver innovative products to customers.
He highlighted the need for collaboration with industry leaders like ON Semiconductor, which has advanced vehicle safety and autonomy through intelligent sensing technologies while providing reliable supply assurance.
Denso intends to acquire ON Semiconductor stock on the open market as a mark of their collaboration.
Bank of America analyst Vivek Arya identified ON Semiconductor among his top picks for 2025, projecting a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42516826/nvidia-and-5-other-stocks-are-analysts-top-semiconductor-picks-for-2025-sees-2-ai-trends" rel="noreferrer noopener">recovery from cyclical trends</a>. He expects the automotive and industrial sectors to drive significant semiconductor demand in the latter half of the year.
Arya anticipates that in the first half of 2025, investments in artificial intelligence (AI) will continue to surge, driven by AI training and model scaling. He notes that cloud customers will likely accelerate the deployment of Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell architecture during this period.
Regarding the CHIPS Act, Arya expects the legislation, enacted under President Joe Biden, to remain in effect following President-elect Donald Trump&#8217;s inauguration. He projects that the remaining funding will be distributed in 2025, substantially supporting the U.S. semiconductor industry.
After ON Semiconductor&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41603256/on-semiconductors-q3-solid-analyst-highlight-l-shaped-recovery" rel="noreferrer noopener">third-quarter print</a>, Needham analyst Quinn Bolton projected an L-shaped recovery for the company through the first half of 2025. Datacenter opportunities will gain traction as key design wins ramp up next year.
Goldman Sachs analyst Toshiya Hari, Benchmark analyst David Williams, and JP Morgan analyst Harlan Sur flagged China&#8217;s EV market strength and silicon carbide (SiC) growth.
Investors can gain exposure to stocks of companies that manufacture semiconductors through the VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: ON stock closed higher by 0.72% at $66.44 on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/12/42514620/googles-veo-2-and-imagen-3-set-new-standards-for-ai-creativity" target="_blank" rel="noreferrer noopener">Google&#8217;s Sora Rival &#8211; DeepMind Introduces New Video Generation Tool</a></li>
</ul>

Tech

DNZOF

DNZOY

NVDA

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

ON Semiconductor and Denso Team Up to Boost Self-Driving Tech

NWBI

PWOD

Northwest Bancshares, Inc. To Acquire Penns Woods Bancorp, Inc. In All-Stock Transaction Valued At ~$270.4M; Based On Northwest's Closing Stock Price Of $14.44 As Of Dec. 16, The Transaction Consideration Is Valued At $34.44 For Each Share Of Penns Woods

ELVA

Electrovaya Inc. Announces Pricing Of 5,175,000 Shares At $2.15 Per Common Share

Merrill Lynch & Strategic Return Notes for Select 10 Index

Maison Solutions shares are trading higher after the company reported a year-over-year increase in Q2 revenue results.

Barclays analyst Richard Hightower initiates coverage on Invitation Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INVH#NYSE">INVH</a>) with a Overweight rating and announces Price Target of $38.

Price Target

Initiation

Analyst Ratings

INVH

Barclays Initiates Coverage On Invitation Homes with Overweight Rating, Announces Price Target of $38

TNXP

Tonix Pharmaceuticals shares are trading higher after the company announced FDA acceptance for its TNX-102 SL drug application Fibromyalgia.

AMTM

Amentum Holdings shares are trading higher after the company reported better-than-expected Q3 EPS results and a year-over-year increase in Q3 sales results.

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares closed higher, surging to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42513402/apples-2025-bull-case-can-it-deliver-without-riding-the-ai-wave">fresh highs on Monday</a>.
JPMorgan analyst Samik Chatterjee shone a spotlight on Apple&#8217;s prospects for 2025, crafting a dual-path thesis: a bullish case with AI-powered upgrades and another without the AI buzz.
While Apple Intelligence could drive the iPhone 17 cycle and Services revenue, Chatterjee insisted the bull case doesn&#8217;t hinge solely on AI — Apple&#8217;s premium ecosystem, margins and Services growth could carry the torch.
With the recent buzz around Apple ahead of quarterly earnings, some investors may be eyeing potential gains from the company's dividends too. As of now, Apple offers an annual dividend yield of 0.40%, which is a quarterly dividend amount of 25 cents per share ($1.00 a year).
To figure out how to earn $500 monthly from Apple, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Apple's $1.00 dividend: $6,000 / $1.00 = 6,000 shares.
So, an investor would need to own approximately $1,506,240 worth of Apple, or 6,000 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $1.00 = 1,200 shares, or $301,248 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
AAPL Price Action: Shares of Apple gained by 1.2% to close at $251.04 on Monday.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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Read More: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42509800/wall-streets-most-accurate-analysts-give-their-take-on-3-financial-stocks-delivering-high-dividend-yields-2">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Financial Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Dividends

Trading Ideas

AAPL

How To Earn $500 A Month From Apple Stock

ENPH

Enphase Energy Begins Shipping IQ Battery 5P In India, Offering Scalable Backup Power Solutions Up To 40 kWh To Address Grid Outages With Advanced Lithium Iron Phosphate Technology

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the health care sector.
<h3 class="wp-block-heading">CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>)</h3>
<ul>
<li>Dividend Yield: 5.71%</li>
<li>Truist Securities analyst David Macdonald reiterated a Buy rating and cut the price target from $76 to $67 on Nov. 20. This analyst has an accuracy rate of 66%.</li>
<li>UBS analyst Kevin Caliendo maintained a Neutral rating and raised the price target from $60 to $62 on Nov. 7. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Monday, CVS Health announced early results of maximum tender offer and election of early settlement.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121724&amp;t=be2bearmibe3na1">latest CVS new</a>s. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="902" height="836" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17034652/image-141.png" alt="" class="wp-image-695397" style="width:589px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17034652/image-141.png 902w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17034652/image-141-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17034652/image-141-768x712.png 768w" sizes="(max-width: 902px) 100vw, 902px" /></a></figure>
<h3 class="wp-block-heading">Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>)</h3>
<ul>
<li>Dividend Yield: 4.44%</li>
<li>B of A Securities analyst Tim Anderson reinstated a Neutral rating with a price target of $63 on Dec. 10. This analyst has an accuracy rate of 61%.</li>
<li>Citigroup analyst Andrew Baum maintained a Neutral rating and raised the price target from $55 to $60 on Nov. 12. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Dec. 13, Bristol Myers Squibb said its Board of Directors declared a quarterly dividend of 62 cents per share on the $0.10 par value common stock of the company.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121724&amp;t=be2bearmibe3na1">latest BMY news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="917" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17034734/image-142.png" alt="" class="wp-image-695399" style="width:634px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17034734/image-142.png 917w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17034734/image-142-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17034734/image-142-768x705.png 768w" sizes="(max-width: 917px) 100vw, 917px" /></a></figure>
<h3 class="wp-block-heading">AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>)</h3>
<ul>
<li>Dividend Yield: 3.82%</li>
<li>B of A Securities analyst Tim Anderson reinstated a Neutral rating with a price target of $191 on Dec. 10. This analyst has an accuracy rate of 61%.</li>
<li>Leerink Partners analyst David Risinger upgraded the stock from Market Perform to Outperform with a price target of $206 on Nov. 22. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Dec. 13, AbbVie announced plans to acquire Nimble Therapeutics.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121724&amp;t=be2bearmibe3na1">trend in ABBV stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="915" height="851" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17034808/image-143.png" alt="" class="wp-image-695400" style="width:570px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17034808/image-143.png 915w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17034808/image-143-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/17034808/image-143-768x714.png 768w" sizes="(max-width: 915px) 100vw, 915px" /></a></figure>
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/12/42507875/how-to-earn-500-a-month-from-worthington-enterprises-stock-ahead-of-q2-earnings">How To Earn $500 A Month From Worthington Enterprises Stock Ahead Of Q2 Earnings</a></li>
</ul>

Pre-Market Outlook

ABBV

Wall Street's Most Accurate Analysts Weigh In On 3 Health Care Stocks With Over 3% Dividend Yields

Barclays analyst Richard Hightower initiates coverage on Independence Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRT#NYSE">IRT</a>) with a Equal-Weight rating and announces Price Target of $23.

Barclays Initiates Coverage On Independence Realty Trust with Equal-Weight Rating, Announces Price Target of $23

PRTG

Portage Biotech shares are trading higher after the company announced it entered a letter of intent with Immunova for potential acquisitions.

KULR

KULR Technology Group To Launch Its KULR One Space Battery Via Launch Integrator Exolaunch On A SpaceX Rideshare Mission Scheduled For 2026

United States Antimony's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAMY#NYSE">UAMY</a>) short percent of float has risen 4.93% since its last report. The company recently reported that it has 2.26 million shares sold short, which is 2.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.35 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>United States Antimony Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734441321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for United States Antimony has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing United States Antimony's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, United States Antimony's peer group average for short interest as a percentage of float is 4.54%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

UAMY

Looking Into United States Antimony's Recent Short Interest

Stifel analyst Selman Akyol maintains Aris Water Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARIS#NYSE">ARIS</a>) with a Buy and raises the price target from $26 to $28.

ARIS

Stifel Maintains Buy on Aris Water Solutions, Raises Price Target to $28

SoundHound AI's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NYSE">SOUN</a>) short percent of float has fallen 5.46% since its last report. The company recently reported that it has 81.65 million shares sold short, which is 24.4% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.51 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>SoundHound AI Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734441316_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SoundHound AI has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing SoundHound AI's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SoundHound AI's peer group average for short interest as a percentage of float is 7.72%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

SOUN

How Is The Market Feeling About SoundHound AI?

In a recent survey, the Federal Reserve is anticipated to announce a reduction in interest rates this Wednesday, despite ongoing debates about the appropriateness of such a move.
What Happened: A December survey indicates that the Federal Reserve is poised to reduce interest rates on Wednesday. However, there is debate over whether this is the appropriate course of action, as per a December survey by CNBC, <a href="https://www.cnbc.com/2024/12/17/fears-over-inflation-tariffs-cloud-the-economic-outlook-cnbc-survey-found.html">reported</a> on Tuesday.
The survey, which included 27 respondents such as economists and fund managers, found that 93% anticipate a quarter-point rate cut. Yet, only 63% agree it is the right decision. The forecast for 2025 suggests just two more quarter-point reductions, bringing the rate to 3.8% by next year and 3.4% by 2026.
Uncertainty surrounds the fiscal policies of the incoming administration, with opinions ranging from concerns about inflation to optimism for growth. Economist Robert Fry expressed uncertainty about the inflation outlook due to mixed policies from President-elect Donald Trump.
"I can't remember being this uncertain about the inflation outlook," he said. "President-elect Trump is offering us a mix of inflationary (tariffs, individual tax cuts) and disinflationary (deregulation, spending cuts) policies. Who knows what combination we're going to end up with?"
Respondents are divided on the potential growth effects of the new administration&#8217;s policies, with 41% seeing them as positive and 41% as negative. Tariffs and deportation threats are seen as significant risks to economic expansion.
See Also: <a href="https://www.benzinga.com/government/regulations/24/12/42523872/sp-500-performance-dwarfs-in-comparison-argentinas-merval-has-argentinas-pro-crypto-president-javier-milei-scripted-an-emerging-market-success-story?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">S&amp;P 500 Performance Dwarfs In Comparison Argentina&#8217;s Merval: Has Argentina&#8217;s Pro-Crypto President Javier</a>
Despite a strong economy, the survey highlights concerns over tariffs and the potential deportation of essential workers, which could impact growth.
Why It Matters: The Federal Reserve is widely expected to announce a 25-basis-point rate cut on Dec. 18, marking its third consecutive reduction after slashing rates by 50 basis points in September and by 25 in November. Markets have fully priced in this move, assigning nearly a 100% probability, according to the CME FedWatch tool. However, the real focus should be on the signals embedded in the Fed&#8217;s updated&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42514008/fed-poised-to-cut-interest-rates-by-0-25-this-week-heres-why-your-focus-should-shift-to-other-signals">Summary of Economic Projections</a>&nbsp;(SEP) and Chair Jerome Powell&#8217;s press remarks that could shape 2025&#8217;s monetary policy trajectory.
Traders betting on aggressive rate cuts in 2025 might face a reality check, as the Fed&#8217;s December meeting could signal a more cautious approach. Policymakers are expected to project only three interest rate cuts for next year, with the federal funds rate range likely to be 3.5%-3.75% by December 2025, as per a&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42489039/feds-december-meeting-could-crush-rate-cut-optimism-for-2025">Bloomberg survey</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
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93% Experts Anticipate A Fed Rate Cut, Yet Not Everyone Agrees It's The Right Decision: 'President-Elect Trump Is Offering Us A Mix Of Inflationary And Disinflationary Policies'

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