Fed Rate Outlook Boosts Stocks; Reddit IPO Opens Door for More Listings Ahead of Q4 GDP, Inflation Data
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The Fed signaled last week that it still expects to cut interest rates 3 times in 2024, boosting stocks to record highs. The economic calendar brings the week's big data point on Friday - core PCE inflation.
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Reddit (RDDT) began public trading on Thursday, raising $748M. Its IPO could open the window for other listings, though some experts expect IPO activity to remain muted.
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On Tuesday, investors will eye consumer confidence data after the measure slid last month for the first time since November 2023.
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Fourth quarter GDP growth figures will be released Thursday, with the third estimate expected to remain at a +3.2% annualized pace.
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Markets are closed Good Friday, but the core PCE inflation report will still be released Friday morning. Economists expect the figure increased 0.3% month-over-month in February.