Well, we made it. The long-awaited December FOMC meeting draws to a close this afternoon with Fedlines at 2:00 ET and Jerry's presser at 2:30. Another 25 basis point cut to the fed funds target is all but assured but what's the plan expectation hope for 2025? That's the big question and how it's answered will impact whether or not we get our Santa Claus, year-end rally.
As the day begins, we got one more datapoint for Jerry and his Goons to digest....the latest update on new housing starts and building permits. Fwiw, housing starts fell while new permits rose....
