A rally in US stocks hit pause and Treasuries joined a global bond slump ahead of the Federal Reserve's final meeting of 2025. While a cut is all but certain, traders are growing anxious about next year's interest-rate path.
The S&P 500 dipped Monday after the equities benchmark closed within spitting distance of an all-time high. Uncertainty over the pace of easing in 2026 and wariness about the sustainability of an AI-driven rally tempered sentiment. US stocks had rebounded in recent weeks after some Fed officials signaled they intend to cut rates for a third straight time on Wednesday. Kevin Gordon, Schwab Center for Financial Research Head of Macro Research and Strategy joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Matt Miller.
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