"We expect the Fed to deliver its third interest rate cut. We also expect the central bank to warn of future cuts. Right now, the FOMC is already split between those favoring rate cuts because of weakness in the labor markets. The other side of the split crowd believes that cutting rates may have gone far enough and could threaten higher inflation. So, what we could see is a cut, followed by a statement that they're down for now."
"With all eyes on the Federal Reserve, the S&P 500 is up fractionally. The SPDR S&P 500 ETF ( SPY) is up fractionally, as well. We expect the Fed to deliver its third interest rate cut. We also expect the central bank to warn of future cuts. Right now, the FOMC is already split between those favoring rate cuts because of weakness in the labor markets."
The Federal Reserve is expected to deliver a third interest rate cut while signaling caution about further reductions. The FOMC is divided between officials citing labor-market weakness and those worried that additional cuts could boost inflation. Market participants will watch the updated dot plot and projections for GDP, unemployment and inflation, and any change to asset purchase guidance, including a possible pivot back to purchases. The S&P 500 and SPY traded marginally higher. Adobe Analytics forecasts U.S. 2025 holiday online sales of $253.4 billion, a 5.3% increase, with Cyber Monday $14.5B, Black Friday $11.8B and Cyber Week $44.2B. Guggenheim initiated a buy on AMZN with a $300 target, and B. Riley upgraded Roblox with a $125 target.
Read at 24/7 Wall St.
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