S&P 500 and Nasdaq Composite: Weekly Losses Loom Amid Fed Caution
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The S&P 500 and Nasdaq Composite are experiencing weekly losses as the post-election rally fades. Federal Reserve comments on inflation have tempered hopes for rate cuts, leading to a decline in US indices.
November 15, 2024 | 3:00 pm
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Nasdaq Composite is facing weekly losses due to fading post-election rally and Federal Reserve's cautious remarks on inflation, which have reduced expectations for rate cuts.
The Nasdaq Composite is directly affected by the Federal Reserve's comments on inflation, which have reduced the likelihood of rate cuts. This has contributed to the index's decline, as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80