November 2024 Market Recap
Welcome to our November 2024 Monthly Crypto Market Recap! In the U.S., Donald Trump secured a historic comeback as U.S. president, signaling potential shifts in domestic and international policy. On the global stage, a U.S.-brokered ceasefire between Israel and Hizbollah offered a glimmer of hope for peace after a devastating year-long conflict in Lebanon. Meanwhile, the Federal Reserve, acknowledging strong U.S. economic growth and a resilient labor market, lowered interest rates by 0.25 percentage points to 4.5% – 4.75%, with plans for continued gradual reductions to sustain economic momentum. Lastly, Trump suggested 25% tariffs on Canada and Mexico. U.S. Q3 GDP met expectations at 2.8%, core PCE inflation revised to 2.1%, and jobless claims fell to 213,000.
November 2024 Market Recap
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