The New York Stock Exchange of the United States traded today (Dec. 20) local time, with the “Dow Jones” slightly up 10.08 points amid a trading atmosphere that has cooled down. After the market closed in positive territory for 9 consecutive days.
Dow Jones Industrial Average The latest movement was 37,568.00 points, an increase of 10.08 points or 0.03%. The S&P 500 index was at 4,771.77 points, moving up 3.40 points or 0.07% and the NASDAQ index was 15,043.77 points, plus 40.55 points or 0.27%.
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The market continues to surge. Supported by the US Federal Reserve (Fed) signaling an end to the cycle of raising interest rates. and will start reducing interest rates next year
The latest CME Group’s FedWatch Tool indicates that investors expect The Fed will begin cutting interest rates at its March 2024 meeting and will cut interest rates six times next year, cutting rates by 0.25% each, for a total of 1.50%, more than the signal of three rate cuts of 0.25% each, for a total of 0.75%.
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Investors are also keeping an eye on the Personal Consumption Expenditures (PCE) price index that will be released this Friday (Dec. 22). The PCE index is the Fed’s main measure of inflation. Because it can detect changes in consumer behavior and covers the prices of goods and services more broadly than the Consumer Price Index (CPI).
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2023-12-20 17:08:01
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