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Fed Rate Cut Hopes Dim as Mortgage Rates Climb and U.S. Stocks Dip
Stock Market Newsยท 2025-11-20 17:38
Key TakeawaysMorgan Stanley has revised its outlook, now no longer expecting the U.S. Federal Reserve to cut interest rates in December following recent jobs data.The average U.S. 30-year fixed-rate mortgage climbed to 6.26% for the week ending November 20, up from 6.24% the prior week, according to Freddie Mac.U.S. stock markets turned negative, with the S&P 500 (^GSPC) down 0.3%, the Nasdaq (^IXIC) down 0.5%, and the Dow (^DJI) down 0.2%.Nvidia (NVDA) shares also turned negative, experiencing a 1% decline ...