The Fed Meeting This Week Will Determine If Investors Get New All-Time Highs or Coal for Christmas
Investors expect the Federal Reserve will cut interest rates at its midweek meeting - but is that enough to kick off the 'Santa Claus rally'?Investors are gearing up for the Federal Reserve's Dec. 9-10 meeting.December tends to be a strong month for stocks - so much so that investors have come up with the term "Santa Claus rally" to describe the gains that stocks historically see at the end of the year and into the start of the new year.But before Santa Claus comes to town, there's a market-moving event that could determine whether investors will get new all-time highs or coal for Christmas. That event is the Federal Reserve's policy meeting on Dec. 9-10, where the central bank's Federal Open Market Committee will determine whether to adjust its benchmark interest rate."On the labor-market side, the data there is a little more supportive for the Fed to cut again here in December," Grecsek told MarketWatch. "There was a time coming into September and October where the December rate cut
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Reminder: U.S. Stocks Are Closed on November 27 for Thanksgiving Day and Close Three Hours Earlier on November 28
Thanksgiving Day (November 27) is around the corner. All financial markets in the United States, including stocks and stock options, will be closed for one day.On November 28, the Nasdaq and New...