From the Desk - Economic Commentary
Brandon Casey, Member Strategies - 12/10/2025
U.S. stocks are little changed this morning ahead of the FOMC rate decision later today. Both the DJIA and S&P 500 are slightly higher, while the Nasdaq is lower. It is widely expected that the Fed will lower the benchmark rate today, so investors will be focused on the aftermath of the meeting. Comments by Fed Chair Jerome Powell and an updated dot plot will provide an update about the potential rate path for 2026.
Looking at economic data today, the delayed third quarter Employment Cost Index was up 0.8% during the quarter, just below expectations of 0.9%. The index was up 0.9% the previous quarter. The index was up 3.5% over the last 12 months, the slowest pace since 2021.
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