StockMKTNewz Daily Recap 12/18

FED CUT RATES 0.25%

December 18, 2024

Daily Stock Market Recap: 12/18

Hey everyone! It’s @StockMKTNewz - Evan!

Let's dive into the key headlines of the day and what you should keep an eye on as we move through the week.

Here’s how the stock market performed today

Heat Map of the S&P 500

The S&P 500 just dropped by 3% its worst Jerome Powell day (FOMC) since March 2020

Indexes

Best and Worst Performing S&P 500 Stocks

FOMC Meeting

Jerome Powell and the 🇺🇸 Fed cut rates by 0.25% as expected to between 4.25%-4.50%

The Fed released its final Summary of economic projection for 2024

Here's what the Fed expects for 2025 based on the SEP:

  • Growth (GDP): of 2.1% up from its previous 2.0% forecast

  • Unemployment Rate: of 4.3% down from its previous 4.4% forecast

  • Inflation (PCE): of 2.5% up from its previous 2.1% forecast

For Interest rates:

  • End 2025: at 3.75%-4% up from prior median estimates of between 3.25%-3.5%

  • End 2026: at 3.25%-3.50% up from prior median estimates of between 2.75%-3%

  • End 2027: at 3%-3.25% up from prior median estimates of between 2.75%-3%

Comments from the Press Conference

Get Ready For Tomorrow

EARNINGS: This is the earnings calendar I rely on daily during earnings season. Make your earnings season much easier by checking out Earnings Hub

Thursday 12/19 SeekingAlpha catalyst Watch:

Macro: Schedule for tomorrow 12/19 (All times are in ET)

  • 8:30 am Initial jobless claims

  • 8:30 am GDP (second revision)

  • 8:30 am Philadelphia Fed manufacturing survey

  • 10:00 am Existing home sales

  • 10:00 am U.S. leading economic indicators

The Daily Recap

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