The Market Brief
Hey team. With the market holding onto post-election day gains, the volatility is far from over. The Fed's rate decision, due later today, is set to trigger another emotional session.
Let’s recap yesterday’s session and see what’s coming next!
Impact Snapshot
🟥 Unemployment Claims - 8:30am
🟥 Federal Funds Rate - 2:00pm
🟥 FOMC Press Conference - 2:30pm
Macro Viewpoint
U.S. equity futures held onto their post-Election Day gains, as traders assessed the implications of Donald Trump’s return to the White House and its potential impact on the Federal Reserve’s interest rate strategy.
Investor expectations that Trump would lower corporate taxes and loosen regulations had in the previous session lifted all three major indexes to a record high.
S&P 500 futures ticked higher following a strong rally, driven by expectations that the newly elected president will implement pro-growth policies favorable to corporations.
Federal Reserve officials are anticipated to announce a 25-basis-point rate cut later on Thursday, following the half-point reduction made in September.
