This better-than-expected inflation data caused traders to trim their bets for no interest rate cuts in 2025. WallStreet now sees a 16.5 percent chance of the Fed making zero cuts next year.
J.R. Whalen: Here's Your Money Briefing for Friday, December 13th. I'm J.R. Whalen for The WallStreet Journal. Inflation has trended downward for the past year, but prices are still high.
WallStreet rallied as November inflation data came in below expectations, easing fears of hawkish Fed. Real estate and small caps led gains; Carnival Corp. spurred travel stocks with upbeat ...