WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
Nasdaq Composite slipped by 0.16% to 14,258.49.
Traders have been optimistic that the Fed’s rate-hiking cycle is over, with led funds futures pricing reflecting a chance the central bank could cut rates as early as next spring. However, Richmond Fed President Thomas Barkin said Wednesday that policymakers could keep rate increases on the table if inflation doesn’t continue to slow.
The major averages remain on track for strong monthly gains. The S&P 500 and Dow are up 8.5% and 7.2%, respectively, in November. The Nasdaq has climbed about 10.9% over the same period.
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