December 23, 2023 | Tech Talk for Saturday December 23rd 2023
The Bottom LineĀ
Encouraging U.S. economic news released on Friday added to the possibility of the proverbial Santa Claus yearend rally that normally lasts to the first two trading days in January. The November Core PCE Price Index on a year-over-year basis came in at 3.2%, nicely lower than consensus at 3.4%. Equity and bond investors interpreted the news as U.S. inflation pressures are coming down sooner than expected: The FOMC could lower the Fed Fund Rate sooner than the second half of 2024, setting the stage for a sooner rise in GDP growth.
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Don Vialoux December 23rd, 2023
Posted In: Tech Talk
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