President Donald Trump wants the Federal Reserve to keep cutting interest rates. That looks unlikely — at least for now.
Investors agree that the Fed, which announces its latest interest rate decision on Wednesday, will choose to sit tight for the time being.
From strategists at Bank of America: “The Fed’s communication since the October meeting has been crystal clear: policy is appropriate and there would need to be a ‘material reassessment’ of the outlook to adjust rates.”
A solid jobs report for November all but ensured that policy will remain unchanged.
Things get much more interesting when looking ahead to 2020.
Wall Street’s view: Goldman Sachs expects rates to stay on hold next year, with Fed members signaling one hike in 2021 and one in 2022. But not everyone agrees. UBS, for example, thinks that the Fed will cut interest rates in March, April and June.
A version of this story first appeared in CNN Business’ Before the Bell newsletter. You can sign up right here.
New York City (CNN) — Where there’s a city with a spectacular skyline, there’s a way to see it from up high.
Sure, NYC’s rooftops are renowned as popular hangouts when the weather’s warm and the living’s carefree (summer Fridays, anyone?), but many are just as — if not more — exciting in winter.
“The recent increase in elevated winter offerings by hotels and entertainment venues proves that demand is strong, even as the weather grows colder,” says Dixon.
Pier 17’s WinterLand includes an outdoor ice-skating rink with incredible views.
Courtesy of The Howard Hughes Corporation Pier17
The South Street Seaport in downtown Manhattan is hotter than ever, thanks in part to Pier 17.
The venue’s WinterLand, which debuted last year, reminds locals and visitors alike that Bryant Park doesn’t have a monopoly on outdoor ice-skating. This rink, often enhanced by live music, offers unparalleled views of the East River, the Brooklyn Bridge and the Manhattan skyline.
The rink is family friendly with lessons for all ages. Adult libations are available for purchase by the 21-and-over crowd and can be sipped indoors or outdoors.
Sit by a roaring fire (albeit behind glass) as you nosh on poutine and sip a signature cocktail, such as the Smoked Old Fashioned or the Ume Royale, made with Veuve Clicquot Champagne.
Similar food and drink options can be found in the warming huts, where guests can grab a table and watch snowflakes cover the ice rink and the city.
Westlight at The William Vale
Westlight, the rooftop lounge at The William Vale, beckons with its luxe setting and jaw-dropping views.
Courtesy The William Vale Hotel
Whether you make your way from the G or the L train, The William Vale rises in the distance.
Long hip, Brooklyn knows how to throw a party, and cocktails at Westlight, the rooftop lounge belonging to The William Vale, beckons with its luxe setting and jaw-dropping views of Manhattan.
It’s not easy to decide on a drink, especially while floor-to-ceiling glass windows and doors attempt to divert your attention to the bright lights, big city, but this is why you’re here.
“At the Crossroads,” is mezcal-based and on the sweeter side. Same goes for the “Lower Level” — but replace mezcal with Suze, Pierre Ferrand Cognac, Velvet Falernum and Martini Ambrato, a boozy yet sweet concoction.
While eating isn’t a requirement, it’d be a mistake not to order a few items from the list of “Bites.” Must-haves include the curried cauliflower dip made with miso and Gruyere and baby back ribs topped with crushed peanuts.
Soon, guests of Westlight and the hotel will even be able to work off some of the inevitable indulgence: A skating rink is set to open one floor above the lounge. If you thought the panoramic views were impressive before, just wait until you venture even higher.
The Mark Penthouse
A private rooftop ice-skating rink reserved for penthouse guests is a new feature of The Mark’s penthouse suite.
Beloved by bold-faced names who supposedly prize privacy — Meghan Markle had her baby shower here — The Mark Hotel on the Upper East Side is one of the city’s most elegant stays.
Their 12,000 square foot Mark Penthouse (the largest hotel suite in the US) is the epitome of luxurious excess. The two-story space includes with five bedrooms, eight bathrooms, four fireplaces, exquisite custom furnishings and views of Central Park.
This winter, however, The Mark is offering an extra serving of extravagance: A private rooftop ice-skating rink reserved for penthouse guests. This extraordinary, once-in-a-lifetime experience has a price tag to match. (Pricing upon request.)
Ophelia Lounge NYC
Courtesy Ophelia Snowglobe in the Sky
The art deco Beekman tower, built in the 1920s, is one of the New York City skyline’s architectural stunners. Nestled between Sutton Place and The United Nations on Manhattan’s east side, locals and visitors delight in the clubby feel of the iconic building’s 26th floor rooftop bar, Ophelia.
This winter, Ophelia has morphed into a living snow globe, alight with stars and sparklers all in white. Enjoy expertly crafted cocktails while taking in the sweeping views of the East River and Midtown, a singular spot to enjoy the delights of the winter season.
And if the holiday crowds are too intimidating, consider a post-holiday gathering at Ophelia. As Dixon notes: “Travelers who choose the months of January and February to explore New York City are rewarded with a more intimate, tranquil experience.” Dixon cites cheaper hotel rates too, sweetening the deal further.
The views from 230 Fifth’s rooftop, whether from your igloo perch or one of the open spaces, are worth any hassle.
Courtesy of 230 Fifth
Snaking lines, complicated reservation systems — or no reservations — and gruff bouncers mean spontaneity isn’t often rewarded when it comes to having your (rooftop) cocktail and drinking it too. This is mostly the case at 230 Fifth, one of the city’s most cherished rooftops.
Getting a spot in one of 17 igloos, all first-come, first-serve, requires advance planning, i.e., send one member of your party early before the line is around the block.
The views, whether from your igloo perch or one of the benches, are worth any hassle. You may not even mind drinking your Apple Pie Cider — a winter specialty of the house made with vodka, apple cider, whipped cream and cinnamon — out of a paper coffee cup.
While the city boasts myriad viewing platforms, few are set in the middle of the action. At 230 Fifth, you’re in the center of it all — in an igloo if you’re lucky.
Chalet de Ning at The Peninsula
The west terrace of the hotel’s rooftop bar, Salon de Ning, has been transformed into a winter chalet, outfitted with faux fur blankets, a fake, Malm-esque fireplace, and soft white lights everywhere.
Courtesy of The Peninsula New York
Looking for a little apres-ski vibe in NYC?
The iconic Peninsula New York Hotel has you covered. The west terrace of the hotel’s rooftop bar, Salon de Ning, has been transformed into a winter chalet, outfitted with faux fur blankets and a fake, Malm-esque fireplace, inside what can only be described as a plastic igloo.
The domed “Chalet de Ning” offers guests a unique opportunity to snuggle down far above the frenzied pace and honking horns of bustling Fifth Avenue. Arrive by 5 p.m. or shortly after and you and your party can settle into one of a handful of intimate seating arrangements, complimented by stellar, attentive service.
Lean into the hygge by ordering the Gluhwein (a mix of Malbec, Grand Marnier, cinnamon and clove), or pen a painted postcard that the folks at The Peninsula will mail anywhere in the world.
In a city that never sleeps, there are many more honorable mentions.
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