{"id":216595,"date":"2024-12-18T12:38:39","date_gmt":"2024-12-18T17:38:39","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=216595"},"modified":"2024-12-21T11:30:28","modified_gmt":"2024-12-21T16:30:28","slug":"markets-advance-ahead-of-fomc","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/","title":{"rendered":"Markets Advance Ahead of FOMC: Dec. 18, 2024"},"content":{"rendered":"\n

Markets are advancing cautiously ahead of the FOMC\u2019s final interest rate decision of the year this afternoon and the updated Summary of Economic Projections. IBKR ForecastTrader<\/a> participants and rate watchers alike are confident that the Fed will reduce its key benchmark by 25-bps but are uncertain regarding the policy path next year, making the central bank\u2019s dot plot top of mind. Asset prices are likely to respond positively if the committee envisions 75-100 bps of easing in 2025 but will react neutrally to 50 bps and negatively to an outlook for 25-bps or less. Plans for balance sheet reduction are also paramount, especially as concerns regarding fiscal imbalances, extended bond issuance and goods reinflation mount. Meanwhile, a lack of progress on British price pressures has sent UK gilts to a fresh 34-year high relative to German bunds, reflecting a much slower projected walk down the monetary policy stairs for the BoE relative to the ECB and the Fed. Investors aren\u2019t just expecting a pause from the BoE tomorrow, they\u2019re also projecting one from the BoJ tonight. Expectations for next year are the predominant reservations among market participants at this juncture.<\/p>\n\n\n\n

Real Estate Picks Up<\/strong><\/h2>\n\n\n\n

Turning to the economic calendar, real estate activity expanded last month amidst a bifurcation across permits and starts. The pace of building permits increased 6.1% month over month (m\/m) in November to 1.505 million seasonally adjusted annualized units, while housing starts contracted 1.8% to 1.289 million. The difference in performance was also present within asset classes, as multi-family was strong in permits but weak in starts, whereas single-family results were just the opposite. Indeed, the rate of permits for single- and multi-family rose 0.1% and 22.1% m\/m; however, in starts, the figures came in at 6.4% and -24.1% m\/m. Geographical differences were also evident; all regions expanded their permitting volumes with the Northeast, Midwest, South and West sporting increases of 11.3%, 10.7%, 5.7% and 1.8%. Starts, meanwhile, saw the Midwest and West decline 28.2% and 11.9%, but the Northeast and South countered some of the weakness, seeing filings rise 10.6% and 10.2%.<\/p>\n\n\n\n

\"Residential<\/figure>\n\n\n\n

Japan Exports Increase<\/strong><\/h2>\n\n\n\n

Across the pacific in Tokyo, the recent weakening of the Japanese yen helped exporters push volumes last month. Indeed, the balance of trade shrank to \u00a5117.6 billion in November compared to the median estimate of \u00a5688.9 billion and the prior month\u2019s \u00a5461.2 billion. Exports rose 3.8% year over year (y\/y) while imports contracted by the same amount. Projections called for exports and imports to grow 2.8% and 1%, which compares to October\u2019s results of 3.1% and 0.4%. Semiconductor equipment and non-ferrous metals drove the increase in exports while automobiles weighed upon results. Imports were hampered by a reduction in crude oil shipments.<\/p>\n\n\n\n

Chinese CEO Sentiment Weakens<\/strong><\/h2>\n\n\n\n

Also in Asia, confidence among Chinese chief executive officers is dwindling as senior business leaders cite three major risks: intense local competition, weak consumption and geopolitical tensions. Government officials and company leaders alike have been preparing early for a possible trade war with the US. With the incoming Trump administration appearing as hawkish as ever regarding international commerce, China is looking to cushion its economy from a lot more of the same types of headwinds it experienced during Trump 1.0. The Trump overhang is massive and is being blamed locally for obstructing President Xi Jinping\u2019s goals and delaying the country’s ambitious progress.<\/p>\n\n\n\n

Retailers Report Mixed Results<\/strong><\/h2>\n\n\n\n

Birkenstock\u2019s (BIRK) recent earnings and revenues exceeded analyst consensus expectations with sales growing 22% y\/y, sending its share price up more than 7% in early trading. Sales benefited from the company, which is well known for its open-toe sandals, introducing new footwear products.  Among regions, the slowest sales increase occurred in Europe, with a 19% growth rate, while the Americas category and the Asia Pacific, Middle East, and Africa zone grew 21% and 38%, respectively. Sales were strong in both direct-to-customer and wholesale channels. The company expects to generate 2025 revenue growth in the mid-to-high teens. While Birkenstock is on solid footing, General Mills (GIS) is a little less stable after lowering its outlook this morning, causing its share price to drop approximately 2.8%. Net sales climbed 2% y\/y, which along with earnings surpassed expectations. The company guided for its fiscal-year adjusted earnings to decline as much as 4% compared to its earlier outlook for the metric to range from being flat to dropping only 2%. It cited an \u201cuncertain macroeconomic backdrop for consumers\u201d when it revised its guidance.<\/p>\n\n\n\n

Equity Markets Turn Bullish<\/strong><\/h2>\n\n\n\n

Trading action is bullish ahead of the Fed\u2019s final meeting of the year, with equity indices moving north while borrowing costs tick south. All major domestic, equity benchmarks are gaining with the Dow Jones Industrial, Russell 2000, S&P 500 and Nasdaq 100 gauges increasing by 0.5%, 0.4%, 0.3% and 0.1%. Sectoral breadth is positive; 9 out of 11 segments are higher, led by healthcare, technology and communication services, which are up 0.5%, 0.4% and 0.4%. Energy and consumer staples are representing the laggards, however; they\u2019re losing 0.4% and 0.2%. In fixed-income, Treasurys are getting bid with the 2- and 10-year maturities changing hands at 4.22%, and 4.39%, the former lighter by 2 basis points (bps) while the latter is near the flatline. The Dollar Index is gaining 20 basis points as the greenback appreciates versus all of its major counterparts, including the euro, pound sterling, franc yen, yuan and Aussie and Canadian tenders. Commodities are mixed against this backdrop, with lumber, crude oil and copper increasing 3.7%, 1.1% and 0.2%, but copper and silver are decreasing 1% and 0.3%. WTI crude is trading at $70.51 per barrel as the intraday Department of Energy publication reported a draw in overall stateside inventories.<\/p>\n\n\n\n

The Fed is Boxed In<\/strong><\/h2>\n\n\n\n

Chair Powell faces a tough balancing act this afternoon because the FOMC\u2019s attention has shifted from labor market concerns during September to price pressure worries this month. The FOMC decided to enact a super-sized 50-bp cut to its benchmark in the former month citing mildly deteriorating employment conditions but is now nearing the end of its easing cycle in the latter month. Additionally, there was one dissenter in September\u2019s meeting, Governor Michelle \u201cMiki\u201d Bowman, and I believe we may have skeptics this time around too. But how will the central bank look by rushing in September and then holding in December? Jumping the gun in September is leading to a policy error today, especially with risks that the economy and labor market may accelerate while goods inflation reignites on the back of trade disagreements. Look at the market: Does this feel restrictive?\u00a0<\/p>\n\n\n\n

To learn more about ForecastEx, view our Traders\u2019 Academy video here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Markets are advancing cautiously ahead of the FOMC\u2019s final interest rate decision of the year this afternoon and the updated Summary of Economic Projections.<\/p>\n","protected":false},"author":903,"featured_media":216611,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[12711,18,6,8,9,26,3],"tags":[2425,446,1631,603],"contributors-categories":[13760],"class_list":["post-216595","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ibkr-economic-landscape","category-macro","category-north-america","category-region","category-securities","category-text-articles","category-traders-insight","tag-european-central-bank","tag-federal-reserve","tag-japan","tag-real-estate","contributors-categories-ibkr-macroeconomics"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nMarkets Advance Ahead of FOMC: Dec. 18, 2024<\/title>\n<meta name=\"description\" content=\"Markets are advancing cautiously ahead of the FOMC\u2019s final interest rate decision of the year this afternoon and the updated Summary of Economic...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/216595\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markets Advance Ahead of FOMC: Dec. 18, 2024 | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Markets are advancing cautiously ahead of the FOMC\u2019s final interest rate decision of the year this afternoon and the updated Summary of Economic Projections.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-18T17:38:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-21T16:30:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/12\/summer-construction-featured-img.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jose Torres\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jose Torres\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/markets-advance-ahead-of-fomc\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/markets-advance-ahead-of-fomc\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Jose Torres\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\"\n\t },\n\t \"headline\": \"Markets Advance Ahead of FOMC: Dec. 18, 2024\",\n\t \"datePublished\": \"2024-12-18T17:38:39+00:00\",\n\t \"dateModified\": \"2024-12-21T16:30:28+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/markets-advance-ahead-of-fomc\\\/\"\n\t },\n\t \"wordCount\": 1072,\n\t \"commentCount\": 0,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/markets-advance-ahead-of-fomc\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/12\\\/summer-construction-featured-img.jpg\",\n\t \"keywords\": [\n\t \"European Central Bank\",\n\t \"Federal Reserve\",\n\t \"Japan\",\n\t \"real estate\"\n\t ],\n\t \"articleSection\": [\n\t \"IBKR Economic Landscape\",\n\t \"Macro\",\n\t \"North America\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"CommentAction\",\n\t \"name\": \"Comment\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/markets-advance-ahead-of-fomc\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/markets-advance-ahead-of-fomc\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/markets-advance-ahead-of-fomc\\\/\",\n\t \"name\": \"Markets Advance Ahead of FOMC: Dec. 18, 2024 | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/markets-advance-ahead-of-fomc\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/markets-advance-ahead-of-fomc\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/12\\\/summer-construction-featured-img.jpg\",\n\t \"datePublished\": \"2024-12-18T17:38:39+00:00\",\n\t \"dateModified\": \"2024-12-21T16:30:28+00:00\",\n\t \"description\": \"Markets are advancing cautiously ahead of the FOMC\u2019s final interest rate decision of the year this afternoon and the updated Summary of Economic Projections.\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/markets-advance-ahead-of-fomc\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/markets-advance-ahead-of-fomc\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/12\\\/summer-construction-featured-img.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/12\\\/summer-construction-featured-img.jpg\",\n\t \"width\": 1000,\n\t \"height\": 563,\n\t \"caption\": \"Markets Advance Ahead of FOMC: Dec. 18, 2024\"\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\",\n\t \"name\": \"Jose Torres\",\n\t \"description\": \"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/jose-torres\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Markets Advance Ahead of FOMC: Dec. 18, 2024","description":"Markets are advancing cautiously ahead of the FOMC\u2019s final interest rate decision of the year this afternoon and the updated Summary of Economic...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/216595\/","og_locale":"en_US","og_type":"article","og_title":"Markets Advance Ahead of FOMC: Dec. 18, 2024 | IBKR Campus US","og_description":"Markets are advancing cautiously ahead of the FOMC\u2019s final interest rate decision of the year this afternoon and the updated Summary of Economic Projections.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/","og_site_name":"IBKR Campus US","article_published_time":"2024-12-18T17:38:39+00:00","article_modified_time":"2024-12-21T16:30:28+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/12\/summer-construction-featured-img.jpg","type":"image\/jpeg"}],"author":"Jose Torres","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jose Torres","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/"},"author":{"name":"Jose Torres","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e"},"headline":"Markets Advance Ahead of FOMC: Dec. 18, 2024","datePublished":"2024-12-18T17:38:39+00:00","dateModified":"2024-12-21T16:30:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/"},"wordCount":1072,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/12\/summer-construction-featured-img.jpg","keywords":["European Central Bank","Federal Reserve","Japan","real estate"],"articleSection":["IBKR Economic Landscape","Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/","name":"Markets Advance Ahead of FOMC: Dec. 18, 2024 | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/12\/summer-construction-featured-img.jpg","datePublished":"2024-12-18T17:38:39+00:00","dateModified":"2024-12-21T16:30:28+00:00","description":"Markets are advancing cautiously ahead of the FOMC\u2019s final interest rate decision of the year this afternoon and the updated Summary of Economic Projections.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/markets-advance-ahead-of-fomc\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/12\/summer-construction-featured-img.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/12\/summer-construction-featured-img.jpg","width":1000,"height":563,"caption":"Markets Advance Ahead of FOMC: Dec. 18, 2024"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e","name":"Jose Torres","description":"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/jose-torres\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/12\/summer-construction-featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/216595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/903"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=216595"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/216595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/216611"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=216595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=216595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=216595"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=216595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}