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Fed Poised for Rate Cut, Signals Limited Easing Ahead

                                                          US Federal Reserve Chair Jerome Powell The Federal Reserve is widely expected to cut interest rates at its upcoming meeting, marking a shift in monetary policy aimed at supporting economic growth amid cooling inflation and slowing demand. While markets have anticipated a series of reductions, policymakers appear cautious, with signals suggesting only one additional cut may be on the horizon for next year. This measured approach reflects the Fed’s balancing act: easing financial conditions to sustain momentum while avoiding overstimulation that could reignite price pressures. Investors are closely watching the central bank’s language for clues on the trajectory of borrowing costs, as households and businesses continue to navigate a delicate economic environment....
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Shoppers Kept Spending This Holiday Season

 

  • Holiday Spending: U.S. retail sales increased by 3.1% from Nov. 1 through Dec. 24, with a notable rise in last-minute shopping before Christmas.
  • Sales Breakdown: Online sales grew by 6.3%, while in-store sales saw a 2.2% increase. However, electronics and jewelry sales declined.
  • Economic Impact: Strong consumer spending, particularly on travel and dining, supported the U.S. economy in 2023 despite high interest rates.
  • Retailer Outlook: Retailers reported mixed results for the holiday season, with some experiencing steady sales and others noting a pullback in consumer spending.
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