Stocks Rebound in Countdown to Fed Rates Decision: Markets Wrap

Published On Dec 18, 2024, 8:18 AM

Global stocks are seeing a rebound as investors await the Federal Reserve's interest rate decision. Futures for major indices like the S&P 500 and Nasdaq 100 are up 0.3%. The Fed is expected to cut rates by a quarter point, but the market is concerned about the outlook for 2025 amidst persistent inflation. Additionally, there are speculations about reduced future rate cuts, conflicting with some traders' expectations for more significant easing. Market breadth is weakening as technology stocks lead declines, creating uncertainty about the rally's sustainability into year-end. Internationally, Brazil faces a financial crisis, while Nissan's shares soar on merger talks with Honda.