Member Info for hardup

Gate......but what will the narrative be from the minutes, it is this that will influence the markets today.

Morning chips. You're on the go early today!

Watching the news just now it seems the market is expecting a hint from today's meeting that rates will be coming down soon. So expect a fall today when they say it is to early to talk of rate cuts yet. And to put the icing on the cake, I wonder if the 3 Muppets that voted for a rate rise at the last meeting will do the same again today!

STP

"Surely you can't be suggesting they were crocodile tears"

I prefer Kelvin Mackenzie's they were "jockadile tears"! 🤣🤣🤣

And we still have the BoE MPC to follow up tomorrow with their decision on rates. Very probably hold again but will no doubt put out a hawkish statement to spook the markets!

Seeing Nichola breaking down in tears at the Covid enquiry today.

Jerome Powell statement:

Policy rate is at peak for tightening cycle, Powell says

Powell said during his prepared remarks that the Fed has likely completed all the interest rate hikes it needs to in this economic tightening cycle. But he said there may not be cuts on the immediate horizon.

“We believe that our policy rate is likely at its peak for this tightening cycle and that if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year,” Powell said during the conference.

“But the economy has surprised forecasters in many ways since the pandemic and ongoing progress toward our 2% inflation objective is not assured,” he added. “The economic outlook is uncertain and we remain highly attentive to inflation risks. We are prepared to maintain the current target range for the federal funds rate for longer if appropriate.”

Federal Reserve signals it’s not yet prepared to reduce rates

Central bank policymakers said that they aren’t yet ready to start cutting rates, according to their meeting statement.

“The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent,” the statement said.

The news chilled investors, and stocks slipped slightly. The S&P 500 lost 0.9%, and the Nasdaq Composite was off 1.4%. The Dow Jones Industrial Average ticked down by 0.1%.

https://www.cnbc.com/2024/01/31/fed-meeting-today-live-updates.html

Seany

That's irrelevant to LBG. That was a different company, Lloyds TSB. And they could pay a 2007 full year dividend of 35.9p because the full year earnings for 2007 was 58.3p

Primetime51

"Hope Lloyds Results have the same impact as they did at Santander"

For some reason the Market appears to be letting Santander off very lightly given they also have some considerable exposure to the Car Finance I believe.

Primetime51.......it's nothing more than stealth Windfall Taxes!

There was another large Off-book trade this morning of 34,758,917 shares at price 42.425p at 11:34:46

Allesandro........Google it.

January Shop price inflation fell to 2.9% in January, down from 4.3% in December. Could boost the markets today?

Dorfan,

When the buybacks stop there should be an extra £2B a year for dividend increases.......assuming earnings stay at same levels.

"Not a dog if one bought at 24p twice. First time in 2008/9 crash again in COVID."

Jackanory, Jackanory 🥱💤💤💤

"What a dog this is."

I wish I had a pound for every time that phrase has been posted on this board. 😊

🐎💩

"80m trade @ 41.53p just went through, wow"

That was me. 😎

Strange that only Lloyds are being "skimmed down".....Barclays, Natwest and HSBC holding up with their gains.