Investors have moderated their bets on how aggressively policymakers will move next year due to robust economic growth and sticky inflation. — Bloomberg
NEW YORK: A banner year for US stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await the central bank's guidance on interest rate cuts.
The Nasdaq Composite index breached 20,000 for the first time ever in the past week, another milestone for equities in a year during which the tech-heavy index has gained 32% while the S&P 500 has risen about 27%.
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