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  • 📰 $AAPL – APPLE ALSO SHUT DOWN ITS PAY LATER OFFERING EARLIER THIS YEAR
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📰 $AAPL – APPLE ALSO SHUT DOWN ITS PAY LATER OFFERING EARLIER THIS YEAR

December 18, 2024
Frank

$AAPL – APPLE ALSO SHUT DOWN ITS PAY LATER OFFERING EARLIER THIS YEAR

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📰 FED EXPECTS FEWER 2025 RATE CUTS The Fed’s latest dot plot projects fewer rate cuts in 2025 than central bankers were expecting in the previous forecast, from September. The median Fed official now expects the fed funds rate to finish 2025 at 3.9%–two fewer quarter-point rate cuts than the 3.4% level anticipated in September. Fed officials also grew more concerned that inflation will remain stubborn next year. The median official expects 12-month PCE inflation and core PCE inflation to both finish 2025 at 2.5%, up from estimates of 2.1% and 2.2% in September. The Fed also now thinks unemployment will stay slightly lower next year than the previous guidance: 4.3%, versus 4.4% three months ago.
📰 POWELL BEGINS PRESS CONFERENCE

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