As 2024 comes to a close, all eyes are on the Federal Reserveโs final meeting. Markets are expecting a 25 basis point rate cut, but the final decision remains a mystery. ๐
Ahead of the December 18 meeting, November retail sales data, which is expected to rise 0.5%, will provide a snapshot of consumer activity. Meanwhile, the crypto market is showing optimism with Bitcoin surging to a record high of $106,000, pushing the market capitalization close to $2.1 trillion. ๐
2024 is shaping up to be a historic year for crypto, with the launch of 11 spot Bitcoin ETFs in the US, raising over $100 billion in assets. Are we due for another year-end surprise?