Nigeria, Dec. 19 -- This report is from today's TNC's Daily Open, our international markets update.

TNC Daily Open keeps investors informed on everything they need to know, no matter where they are.

What To Note Today

A cut today, but fewer forthcoming

Interest rates were cut by 25 basis points by the U.S. Federal Reserve on Wednesday, bringing the overnight borrowing rate down to a target range of 4.25 to 4.5%. The Fed primarily suggested only two rate cuts for 2025 in its dot plot showing forecasts for rates in the upcoming years, which is less than the four cuts that were first anticipated in September.

Bank of Japan maintains rates

On Thursday, the Bank of Japan maintained its benchmark interest rate at 0.25%. The yen then fell ...