End-of-the-year rallies always feel nice but it looks like this one is built on false hope.
OH: Fed Official Says Central Bank Isn’t ‘Really Talking About Rate Cuts.’ A senior Federal Reserve official said Friday that central-bank policy makers weren’t actively debating when to cut interest rates, an apparent effort to temper markets’ exuberant interpretation of comments Chair Jerome Powell made two days earlier. “We aren’t really talking about rate cuts right …