2 Top Stocks to Buy in December
Several stocks soared in November on increasing signs that the Federal Reserve could be done raising interest rates as well as rising speculation that rates could even start coming down in the first half of 2024.
In December, investors will be closely watching the Federal Reserve's rate decision and the employment report for more signs as to where the economy and stock market are headed. Though Fed Chair Jerome Powell hasn't promised that rate hikes are over, the market is starting to bet on that, as evidenced by Treasury yields starting to fall from earlier peaks.
While no one knows for sure when interest rates will come down, they are likely to fall in the next few years, as even the Fed expects the federal funds rate to come down to 2.5% from its current level of 5.25%-5.5%.
Source Fool.com
