December 16, 2024 – 7:15 AM PST
(Reuters) – The S&P 500 and the Nasdaq climbed while the Dow was flat on Monday, as investors looked ahead to an anticipated Federal Reserve interest rate cut later in the week, as well as several key data releases that will help set the tone for policy next year.
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The Fed’s final rate decision of the year is due on Wednesday, with traders pricing in an over 97% chance of a 25 basis point rate reduction, as per CME’s FedWatch.
However, the primary focus will be on policymakers’ outlook for next year, with an updated “dot plot” of forecasts also to be released, as bets moderate on the pace of rate cuts amid strong economic growth and persistent inflation.
“The market’s hungry for more cuts and the…
