US stock markets are showing mixed signals this week, with major indices trending upward while the Dow Jones 30 experiences a third consecutive decline. The upcoming Fed interest rate decision and November US Core PCE inflation data are key events to watch.
Major US stock market indexes, particularly the NASDAQ 100 and S&P 500 , appear to be trending upward this week. However, the Dow Jones 30's decline for the third consecutive week raises some concerns. Today, we analyze the fundamentals by examining the Fed 's interest rate decision later today and the US Core PCE rate on Friday. We conclude the report with a technical analysis of the S&P 500 's daily chart. \Today, we start with the Fed 's interest rate decision during the American session.
This is the last rate decision of the year and may attract more attention than usual. Market participants eagerly await the Fed's decision, although most anticipate a 25 basis point cut, with Fed Fund Futures suggesting a 96% probability. Therefore, we focus on the accompanying statement. If it suggests a resumption of the monetary easing cycle, it could benefit US equities markets. Conversely, if policymakers hesitate to cut rates or imply a longer hold period, it could negatively impact US equities. We believe the statement might indicate a more gradual approach to the rate-cutting cycle, potentially perceived as slightly hawkish. \Furthermore, we highlight the US Core PCE rates for November, due out on Friday. Economists predict a year-on-year rate of 2.9% for November, higher than the previous 2.8%
US Stock Market FED Interest Rates Inflation NASDAQ 100 S&P 500 Dow Jones
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