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2023. T's and C's eligibility criteria and geographical restrictions apply. The Fed-fueled rally continues as borrowing costs drop around the world.

Plus the House backs opening an impeachment probe of President Biden in a party line vote

pitting Republicans and Democrats.

The House has now spoken.

This whole thing is an extreme political stun.

And EU leaders grapple over new funding for Ukraine.

It's Thursday, December 14th, I'm Luke Vargas for the Wall Street Journal, and here is

the AM edition of What's News, the top headlines and business stories moving

your world today.

The market reaction to the Fed's surprisingly dovish policy announcement yesterday

is continuing to reverberate through Asian and European markets this morning.

For instance, European bond yields are tracking treasuries lower after Fed-Chair Jerome Powell

essentially underwrote a soft landing for the US economy with a projection of

three interest rate cuts next year one more than investors had expected.

Alex Frangos is a finance editor with the journal and he joins me now with the very latest.

Alex the Fed's projections for the next year really surprised markets sending US stocks surging higher

yesterday and we can understand why lower rates obviously good news for

consumers looking to take out a mortgage or another loan and yet here day two we're

seeing markets around the world offering us a range of other reactions.

...