December 12, 2025
U.S. equities finished the week mixed as major benchmarks responded to monetary policy shifts and sector‑specific dynamics. Markets were supported early in the week by optimism around monetary easing, but late‑week volatility, particularly in high‑valuation technology names, tempered gains. The Federal Reserve cut the federal funds rate by 25 basis points to 3.50%–3.75% at its final meeting of the year, marking the third consecutive rate reduction, though three policymakers dissented for the first time in years, signaling policy uncertainty. Powell emphasized careful monitoring of incoming data while markets digested renewed concerns about the economic outlook and labor market resilience. Short‑term Treasury yields fell post‑decision, even as longer maturities climbed. Lingering questions around global tech earnings, particularly softer guidance from top firms, pressured growth stocks toward the end of the week.
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Warren Gerow is an independent investment wealth consultant at Sightline Wealth Management.
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