The final Fed meeting of 2024 awaits: What to know this week

Published On Dec 15, 2024, 7:45 AM

The final Federal Reserve meeting of 2024 is scheduled for December 18, where a 25 basis point interest rate cut is widely expected. Market participants will be attentive to Fed Chair Jerome Powell's comments about 2025, particularly regarding the pace of future rate cuts. There will be important economic data released this week, including November retail sales and the Personal Consumption Expenditures index, amid quarterly earnings reports from major companies like Micron, Nike, and FedEx.

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Stock Forecasts

SPYView SPY chart on TradingView

Positive

Expect a positive reaction in the market if the Fed cuts rates as anticipated and Powell reassures about a stable economic outlook for 2025. Certain sectors, particularly tech and consumer discretionary, may benefit from continued low-interest rates.

FDXView FDX chart on TradingView

Positive

Companies like FedEx and Nike, due to their global reach and consumer focus, may experience volatility based on the economic outlook presented by the Fed and upcoming earnings reports. If the earnings reveal strong consumer spending, these stocks may rise.

MUView MU chart on TradingView

Positive

Micron's performance will depend on the market's reception of the Fed's rate cuts, given the impact on semiconductor demand. A positive economic outlook may bolster investor confidence in semiconductor stocks.

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