The Nasdaq and S&P 500 reached record highs as Federal Reserve officials hinted at a potential rate cut in December. Fed members Raphael Bostic and Christopher Waller suggested a balanced economic outlook, with inflation trending towards 2%. This boosted investor confidence, aligning with robust holiday retail sales, which showed a 3.4% year-over-year increase, primarily driven by online shopping. Market focus remains on upcoming employment and economic data ahead of the Fed’s December 18 meeting.
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