The Federal Open Market Committee’s second summit of the year reached its conclusion yesterday followed by a press conference. Investors and traders alike may be able to get a clearer understanding of where U.S. monetary policy is headed over the near term.
Yesterday, the minutes from the Federal Reserve’s most recent meeting were released. This may have given traders some clarity about the Fed’s decision-making process and the state of the U.S. economy.
Yesterday’s Wall Street trading ended with major Indices on a downtrend following the release of disappointing retail sales data.
The Santa Rally refers to a tendency for markets to move higher in a final couple of weeks of the year. While the cause is debated, history shows that the S&P 500 has averaged a 1.3% gain during the last week of the year. Could this year see a Santa Rally?
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