Is It Hard Hat Time As The Santa Rally Turns Decidedly Frosty?

This is our weekly market update, where we start in the US, cross to Europe and Asia and end in Australia, covering commodities and crypto along the way. Recently, we saw markets charging higher, as many markets touched all-time highs again on the expectation of more rate cuts, but that changed this week, following another pivot from the FED and more strong economic readings gave pause for thought. While the U.S. central bank on Wednesday cut its benchmark overnight interest rate by 25 basis points to the 4.25%-4.50% range, it projected only two rate reductions in 2025, citing the economy’s […]