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Wall Street's reaction to Donald Trump's election and the Fed's latest rate cut was stunning to say the least. All three major indices would surge to new record highs on their way to a massive winning week.
The huge market jump after the election is a clear sign of optimism for stocks in a second Trump term. There's little doubt certain sectors will benefit, but there are some concerns as well. Full details here.
The central bank stuck to the script with its second rate cut of the year Thursday. While the 25-basis point cut was right in line with expectations, what exactly the Fed plans to do next remains a mystery.
The public's confidence in the economy and inflation has been steadily rising the last few months. The uncertainty around the elections didn't shake that, not even in the final days. In fact, it jumped again.
The state of inflation and the well-being of consumers will be in the spotlight this coming week. Updates on price gains at the consumer and producer levels come first followed by new data on retail sales.
Unfortunately, it's time to start thinking about taxes. That means now might be a good time for a refresher on what will be different next year. Here's a review of the 2025 tax brackets, deductions and more.
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