US Markets Recover as Rate Cut Probability Rises Sharply

US markets rebounded as December rate cut odds rose to 70%, though major indices still ended the week with notable declines.

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US Markets Recover as Rate Cut Probability Rises Sharply

US Markets Recover as Rate Cut Probability Rises Sharply
US equity indices rebounded on Friday with the Dow Jones rising 1.2%, the S&P 500 advancing 1.1% and the Nasdaq gaining 0.8%. The recovery followed comments by Federal Reserve official John Williams, who suggested monetary policy could shift toward a more neutral stance. Market data showed traders increasing December rate cut expectations to 70% from 39% a day earlier. Despite the rebound, major indices posted weekly losses, with the Nasdaq down 2.5% and the S&P 500 down 2%.
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  • global-markets
  • DowJones