‘Weaker job growth and lower inflation’: It’s all lining up perfectly for a Fed cut in December

U.S. markets are closed today for Thanksgiving, but S&P 500 futures were flat by midnight after the index closed up 0.69% yesterday, its fourth straight day of gains. Investors appear satisfied with the index’s current position, just 1% below its recent all-time high. Asian and European markets were flat or up; India’s Nifty 50 rose to an all-time high. As we head into the December holiday season, investors have good reasons to be jolly: The macro data appears to be lining up perfectly to push the U.S. Fe ...