Wall Street indexes fell as investors analyzed economic data ahead of the Fed's meeting.

Wall Street indexes fell on Thursday as investors analyzed economic data ahead of the Federal Reserve's meeting. Despite producer prices rising more than expected in November, service costs moderated, suggesting ongoing disinflation. Unexpectedly high jobless claims raised concerns about the labor market. The Dow, S&P 500, and Nasdaq all closed lower. The Fed is expected to cut rates by 25 basis points next week, with 98% of bets predicting this move, but there are calls for a possible pause in January.

December 12, 2024
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