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From record high closes to big stumbles, the week on Wall Street had it all. By the closing bell Friday, all three of the major indices had slid into negative territory to wrap up the week's wild ride with a loss.
The President rattled the markets Friday with remarks on the next Fed chairman. Kevin Warsh is now the odds-on favorite over Kevin Hassett, and that could mean the path to future rate cut is less certain.
Global markets are bracing for what may be a tough week after President Trump's latest moves over Greenland. At issue, a threat to raise tariffs on countries if they oppose the U.S.'s takeover of Greenland.
The latest data on inflation for consumer and producer prices shows the pace still elevated, but not warming. With the new numbers now out, what are Fed officials saying about cutting rates? Details here.
U.S. consumers may be a bit antsy about the state of inflation, but that would not slow their shopping. Retail sales data for November would beat expectations with discretionary spending still holding firm.
We'll start the new week with the day off on Monday, but plenty awaits after that. The President will head to the economic forum in Switzerland, more big earnings are on tap, plus a new sentiment survey.
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