Outlook 12/19: Stock futures bounced Thursday after the FOMC revised rate outlook for next year. Stocks plunged Wednesday after the Federal Reserve struck a heavy blow to the roaring bull market, signaling that it was likely to only cut interest rates twice next year, down from the four reductions that had been penciled in during their last forecast in September. The central bank also trimmed its benchmark overnight borrowing rate a quarter percentage point Wednesday, to a target range of 4.25% to 4.5%, but the question now is what policymakers will do in 2025. Chair Jerome Powell didn’t offer investors much in the way of immediate comfort. “We’re at 4.3% and I think it’s a well-calibrated rate for us to continue to make progress on inflation while keeping a strong labor market,” Powell said at the press conference.
ESH25 (MAR2025): YVAH 6148 YPOC 6136 YVAL 6012 GAP 5930
/ES Plan: Yesterday market closed bearish, but overnight looks more bullish, moving within previous value, so these're the opening and initial balance options for current session:
