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  • Dec 17, 2024

Stocks Drop Before Fed’s Last Decision of the Year: Markets Wrap

(Bloomberg) -- US stocks declined as traders braced for the Federal Reserve’s widely anticipated rate decision and its forecast for next year.Most Read from BloombergHow California Sees the World, and ItselfThe S&P 500 and the Nasdaq 100 slid 0.4%. The Dow Jones Industrial Average posted its longest losing streak since 1978. The yield on 10-year Treasuries was little changed at 4.40%. Bloomberg’s dollar gauge fluctuated for most of the session.Earlier, data showed that US retail sales increased

  • Dec 17, 2024

Dow Industrials Is Mired in Longest Slide Since 1978

(Bloomberg) -- While US equities churn near all-time highs, one of the most closely watched indexes is mired in its longest losing streak since Jimmy Carter was president.Most Read from BloombergHow California Sees the World, and ItselfThe Dow Jones Industrial Average ended the day 0.6% lower for its ninth straight decline, which marks the blue-chip gauge’s longest losing streak since 1978. The 30-stock index is down 3.5% over that stretch.The Dow industrials has been dragged down primarily by U

  • Dec 17, 2024

Bond Traders Target Deeper 2025 Fed Rate Cuts Than Market Expectations

(Bloomberg) -- Bond traders have been boosting options and futures wagers that the Federal Reserve is about to signal deeper interest-rate cuts next year than the market anticipates.Most Read from BloombergHow California Sees the World, and ItselfA quarter-point rate reduction is seen as practically a lock on Wednesday, so a key focus will be the Fed’s update of its quarterly projections. In September, officials’ median forecast of their policy path — dubbed the dot plot — indicated a full perce

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