VWO - Asia Markets Mixed Europe Rises While Crude Oil Advances Above $70 - Global Markets Today While US Was Sleeping | Benzinga
On Wednesday, December 13th, U.S. stock markets closed higher, with major three indices soaring more than 1%, as the Federal Reserve hinted at ending rate hikes and lower borrowing costs in 2024.
At the December FOMC meeting, the Fed kept interest rates at 5.25%-5.5% and predicted a decline to 4.6% by 2024's end. U.S. producer prices in November were stable, contradicting market expectations of a 0.1% increase.
The Federal Reserve added that "inflation has eased over the past year" but stuck to mentioning that it "remains elevated" and reaffirmed its "strong commitment" to steering it back to the 2% target. Additionally, the Fed underscored its ongoing commitment to a data-dependent strategy for future policy ...