Investing.com-- The Dow closed lower for the ninth day on Tuesday, suffering its longest losing streak since 1978 as the Federal Reserve kicked off its last meeting of the year.rose by 0.7% in November, above the 0.6% forecast, underscores that the US economy is still growing at a healthy pace even with higher interest rates.
Investors are bracing for the Fed to signal a slower pace of easing in 2025 amid growing signs of sticky inflation and strength in the labor market- two major points of contention for the Fed. Goldman Sachs analysts said in a recent note that they no longer expect a rate cut in January, and that the bank will cut rates by a slightly slower pace in the coming year.) upgraded the EV maker to outperform and hiked its price target on the stock to $515 from $230, citing a boost from loosening regulations .) stock rose 4.
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