Stock Market Midday Update Thursday December 19, 2024
Yesterday The FOMC has cut its benchmark rate by a quarter percentage point for the third time this year 2024, lowering the target range to 4.25%-4.50%. This marks a full percentage point decrease since the cutting cycle began in September. The last time rates were this low was in December 2022, when the Fed was raising rates to combat high inflation. R…
Keep reading with a 7-day free trial
Subscribe to Daily Stock Market Update to keep reading this post and get 7 days of free access to the full post archives.