A look at the day ahead in U.S. and global markets from Mike Dolan
Wall Street’s S&P500 (.SPX), opens new tab kicks off the final quarter of a stellar 2024 from yet another record close notched on Monday – with odd quarter-end effects competing with measured Federal Reserve guidance as labor market updates hit the radar.
Fed chair Jerome Powell cooled speculation of a second 50 basis point cut at the central bank’s next meeting, indicating the central bank was in no rush and suggesting that two more quarter-point rate cuts by year’s end was a base case.
