• What do the recent Fed rate cuts mean for 2025?
• How did consumer spending affect Q3 growth?
• What caused the GOP split that is threatening a shutdown?
MARKET MOVEMENTS
Dow Jones
S&P 500
Nasdaq
42,688.75(+0.85%)
5,919.71(+0.85%)
19,588.44(+1.01%)
Opening price as of 12/19/2024 compared to last close
IN THE HEADLINES
Fed Cuts Rates Again, Projects Slower Easing in 2025
The Federal Reserve lowered interest rates by 0.25 points, marking its third cut of the year, but signaled fewer cuts in 2025 due to ongoing inflation concerns. Markets reacted sharply, with major indices dropping. Chair Jerome Powell acknowledged slower inflation progress while expressing confidence in U.S. economic resilience. Analysts expect a more cautious approach to rate cuts next year. Read more
US Q3 GDP Revised Up to 3.1%, Fueled by Strong Consumer Spending
The U.S. economy grew at a 3.1% rate in Q3, up from 2.8%, driven by robust consumer spending and exports. Consumer spending rose 3.7%, while gross domestic output increased by 2.6%. Despite the growth, the Federal Reserve forecasts fewer rate cuts in 2025. Read more
Government Shutdown Looms as GOP Splits Over Spending Bill
House Speaker Mike Johnson withdrew a spending bill after opposition from House conservatives and President-elect Trump. The bill, intended to fund the government until March, faced criticism over provisions like disaster aid and pay raises. With agencies preparing for a shutdown, GOP infighting and Democratic criticism of broken bipartisan agreements intensify. Read more
TradeUP TIDBITS
How Holidays Impact Stock Market Trends
Holidays affect stock market trends by influencing trading volumes, investor sentiment, and overall market behavior. Lower trading volumes can lead to less volatility, while increased optimism or year-end adjustments can drive market rallies. Understanding these patterns helps investors navigate market shifts during festive periods.
A Santa Claus rally refers to a stock market boost in the last week of December and into early January. It’s influenced by factors like end-of-year tax strategies, holiday optimism, and increased activity from retail investors as institutional investors step back during the holiday season.
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This week’s topic is: Do you believe the Fed’s rate cuts will positively affect the economy in 2025?
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