Nov. 25 Could Be a Huge Day for the Stock Market
Recent inflation reports showing higher-than-expected CPI and PPI readings have increased the likelihood of a Federal Reserve rate hike in December from 0% to over 12%. The final PCE inflation report on Nov. 25 will be crucial in determining whether the Fed implements a half-point hike. This matters significantly for AI-focused tech companies that are increasingly relying on debt to fund expensive data center projects, as higher rates would make these investments harder to justify.