Weekly Market Recap -December 23, 2024
Investors have had reason to cheer in 2024, as economic growth held up better than expected and equity markets hit 57 new all-time highs. But, there are still a few lumps of coal under the tree. Progress on inflation has stalled and consumers continue to feel the sting of higher prices this holiday season. As seen in PNC’s Christmas Price Index, which measures the cost of each gift in the song “The Twelve Days of Christmas,” prices rose by 5.4% in 2024, the 21st consecutive year of y/y increases and up from2023’s 2.7% gain.
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