Goldilocks Data Upholds Fed Cut
Portfolio Pulse from
U.S. equity markets reached new highs as employment data indicated a likely December rate cut by the Federal Reserve. The S&P 500 rose 0.9% this week, continuing its post-election rally.
December 08, 2024 | 2:15 pm
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The S&P 500 index rose 0.9% this week, driven by employment data suggesting a December rate cut by the Federal Reserve.
The S&P 500's rise is attributed to the 'Goldilocks' employment data, which supports a December rate cut, boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80