Monthly Archives - December 2023

The Fed holds rates steady, indicates three rate cuts in 2024

14 Dec 2023 - The Dow Jones industrial Average jumped to a record Wednesday as the Federal Reserve signalled it would cut rates several times next year, satisfying investors who hoped the central bank would finally start to acknowledge the slowing trend of inflation with a less-aggressive monetary stance.

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Friday sees S&P500 achieve new high for 2023

11 Dec 2023 - The S&P 500 rose on Friday to hit a new high for the year after the November jobs report and University of Michigan consumer survey data signalled a resilient economy and cooling inflation, fuelling hopes for a so-called soft landing scenario.

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