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A Santa Claus rally was sparked by the November PCE report, so the stock market is rallying into Christmas and should also rally into the New Year!
Most major stock market indexes rose 4% or more last week, and I expect this robust rebound will continue this week since the market remains grossly oversold.
Will the Fed keep interest rates higher for longer or cut them in 2024?
The central bank keeps interest rates at a 22-year high, pledges to monitor conditions amid stubborn inflation.
FOMC minutes say the United States is at the beginning of a slowdown as the economy faces upside inflation risks and tighter credit conditions.
