Stock Market Update
21-Nov-24 12:35 ET
Rate cut expectations little changed
Dow +447.82
at 43856.29,
Nasdaq -1.52
at 18964.65,
S&P +27.56
at 5944.68
[BRIEFING.COM] The Nasdaq Composite still trades fractionally lower than yesterday.
A short time ago, Chicago Fed President Goolsbee (2025 FOMC voter) said he thinks rates over the next year or so will end up a fair bit lower than where they are today, but they don't need to get to that place immediately.
The likelihood of a 25-basis points cut at the December FOMC meeting is close to a coin toss, standing at 55.9%, according to the CME FedWatch Tool.
