Dow Jones, Nasdaq, S&P 500 weekly preview: Wall Street divided on FOMC decision
The S&P 500 gained 0.54%, closing at 5,626.02, just shy of its record high from July. The Nasdaq Composite, which is heavily weighted in tech stocks, increased 0.65%, finishing at 17,683.98. Both indexes logged their fifth consecutive day of gains. Meanwhile, theInvestors continued to show strong interest in mega-cap tech and semiconductor stocks, which contributed to this week’s rally following a period of underperformance in the sector.
“What the FOMC will do is less clear, but we’re sticking with our call that they will do the “right” thing and cut 50bp,” they added. Looking ahead to next year, they expect the median dot to indicate a further 150 basis points of rate reductions. The projections for 2026 and 2027 are expected to remain close to the longer-run rate of 2.75% to 3%. If the Fed opts for a more cautious approach and cuts by 25 basis points next week, the median dot for this year would likely reflect only 75 basis points of easing, economists highlight.
Meanwhile, Nomura economists think that a 25 bp rate cut at the upcoming meeting is the “most likely” scenario, followed by a further 50bp worth of cuts next year.
France Dernières Nouvelles, France Actualités
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