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Weekly Market recap - Friday, December 20th
Manage episode 456688611 series 2964054
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Major US equity indices were lower this week, weighed down by a big Wednesday slide that saw the S&P post its second-weakest day of the year. Wednesday's December FOMC meeting was the critical event of the week. Analysts had firmly expected the 25 bp rate cut it delivered and were looking for some signal the Fed could pause rate cuts in January, but ultimately takeaways felt the meeting was more hawkish than expected. The late week also brought heightened focus to the approaching government-funding deadline.
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