Investing.com--The S&P 500 closed at a record high holiday-shortened trading session Friday, wrapping up its best month of 2024.were trading up between 5% and 7% for November, having rallied to a series of record highs in the wake of a Trump election victory.) were more than 1% higher following a Bloomberg report that suggested President Joe Biden was considering additional bans on chip equipment sales to China that could be less restrictive than feared.
Despite recent signs of sticky inflation and labor market strength, markets have largely maintained expectations for a 25 basis point cut in December. The cut will bring the Fed’s total rate cuts in 2024 to 100 bps. But central bank officials have offered a more cautious outlook on rates in recent addresses, sparking some concerns that the Fed will slow its pace of rate cuts in 2025. Sticky inflation is also expected to elicit a higher terminal rate from the Fed during its current easing cycle.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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