Stocks Settle Mixed as Fed Comments Suggest a Rate Cut Pause

Weak economic news from China on Friday added to concerns about global growth prospects and weighed on stocks. China's Oct industrial production rose +4.9% y/y, weaker than expectations of +5.5% y/y and the smallest increase in 14 months. Also, China's Oct new home prices fell -0.45% m/m, the biggest decline in a year and the twenty-ninth consecutive month that new home prices have fallen.Hawkish Fed comments on Friday also bolstered the outlook for the Fed to refrain from cutting interest rates at next mon ...