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2024
December
19
📰 U.S. STOCKS EXTEND GAINS, NASDAQ UP 1.00%
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📰 U.S. STOCKS EXTEND GAINS, NASDAQ UP 1.00%
December 19, 2024
Frank
U.S. STOCKS EXTEND GAINS, NASDAQ UP 1.00%
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📰 TRUMP WOULD SUPPORT ABOLISHING THE DEBT CEILING: NBC
📰 FED EXPECTED TO BE EVEN MORE HAWKISH THAN OFFICIALS INDICATE Fed officials have projected inflation not reaching the central bank’s 2% target before 2027 and they expect interest rates to be cut only twice next year. However, a potential resurgence of inflation could not only limit the Fed’s ability to continue the rate-cutting cycle, but even drive it to raise rates, ITR Economics’ Lauren Saidel-Baker writes. CME data show markets are mostly pricing a Fed hold until May, with the possibility of only one cut in 2025.
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