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Stock market today: Indexes slip as the last Fed meeting of the year kicks off

^{Published on 2024-12-17 11:01:09 - Business Insider}
 

• While the market sees a 25 basis point rate cut this week as all but certain, odds the Fed hits the brakes on further cuts in January have steadily risen.

The article from Business Insider discusses the current state of the U.S. stock market, focusing on the anticipation surrounding the Federal Reserve's upcoming FOMC meeting. Investors are particularly interested in whether the Fed will signal a potential rate cut in the near future, given recent economic indicators. Retail sales data for December showed a slight increase, suggesting consumer spending remains resilient despite economic pressures. However, there's a mixed sentiment in the market; while some investors are hopeful for a dovish pivot from the Fed due to cooling inflation, others are cautious due to persistent high interest rates and geopolitical tensions. The article also touches on how major stock indices like the S&P 500, Dow Jones, and Nasdaq have been performing, with tech stocks leading gains amid expectations of lower borrowing costs. Additionally, it highlights comments from Fed officials and economic forecasts that could influence market movements in the short term.

Read the Full Business Insider Article at:
[ https://markets.businessinsider.com/news/stocks/stock-market-today-fed-rate-cut-fomc-meeting-retail-sales-2024-12 ]

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