Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today
December tends to sneak up on us, asking the perennial question: where did the year go? The final month often seems like both a finish line and a mirror, reflecting the year’s highs, lows, and everything between.
Markets, meanwhile, are hoping for an early Christmas gift from the U.S. Federal Reserve as policymakers gather for their final meeting of the year next week.
Traders are largely expecting a 25-basis-point cut according to the CME Fedwatch tool, a move they hope will kickstart the “Santa Claus rally” that often nudges markets higher into the year-end.
However, the forecast isn’t entirely clear skies for Santa’s sleigh.
