5 Things to Know Before the Stock Market Opens on Thursday, December 1st

Jerome Powell, Chairman of the US Federal Reserve, speaks at the Brookings Institution in Washington, DC on Wednesday, November 29, 2022.
Valerie Plesh | Bloomberg | Getty Images
Here are the most important news investors need to start their trading day:
1. The Fed is calming down
Federal Reserve Chairman Jerome Powell said small interest rate hikes could begin as early as this month, meaning the central bank will soon ease its aggressive inflation-fighting measures. Powell, speaking at the Brookings Institution on Wednesday, said the Fed will continue to pursue restrictive monetary policy for some time – after four successive 0.75 percentage point rate hikes – but there have been “promising developments” so far. “It makes sense to hold back the pace of our rate hike as we get closer to a containment level sufficient to bring down inflation,” he said.
2. Markets follow inflationary signals
Traders on the NYSE floor, November 30, 2022
Source: New York Stock Exchange.
3. Railway deal in progress
Freight cars stand at a train station on November 22, 2022 in Wilmington, California.
Mario Tama | Getty Images
4. SBF says “sorry”
Andrew Ross Sorkin speaks with FTX Founder Sam Bankman-Freed during the New York Times DealBook Summit at the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City.
Michael M. Santiago | Getty Images
5. Ukraine on the offensive
President of Ukraine Volodymyr Zelensky visits Kherson, Ukraine, November 14, 2022.
Press Service of the President of Ukraine | Reuters
— CNBC’s Jeff Cox, Samantha Subin, Rohan Goswami, Mackenzie Cigalos, Christina Wilkie, and Laurie Ann LaRocco contributed to this report.
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