- Market expectations for a Fed rate cut on December 10th are now north of 80%, as key Fed officials voice support for a further reduction.
- Retail sales for September were a bit weaker than expected, suggesting less momentum heading into the fourth quarter.
- The Beige Book provided further anecdotal evidence that growth in the U.S. economy remains sluggish.
More Keys for Markets in 2026
In our Weekly Market Commentary on November 17, we previewed our Outlook 2026 publication, due out on December 9. We highlighted several keys for markets next year, covering the U.S. economy, stocks, and bonds. This week, we broaden our preview and tease some other factors investors will want to consider