Nigeria, Feb. 13 -- 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's the connection between 2025 U.S. interest rates and arthouse films? Neither may sustain any cuts.

Since June, the 12-month headline inflation rate has not been at 3%. Even though it's only 10 basis points higher than the 2.9% reading in December, traders are already reducing their bets on an interest rate cut in the first half of 2025 or on one at all due to the psychological shock of seeing that number, which is similar to how a $2.99 coffee might seem much cheaper than a $3 one.

Unless the U.S. Federal Reserve can continue function...