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.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »