Wall Street Rally Slows Amid Mixed Economic Reports

Despite Market Expectations, Some Fed Officials Say It's Too Early for Rate Cuts

Wall Street's rally since Halloween has slowed down due to mixed reports showing disappointing profits at companies but unexpected strength for the economy.
The Federal Reserve signaled last week that it had reached the end of its tightening cycle and opened the door to rate cuts in the coming year.
Financial markets are pricing in a 67.5% likelihood that the Fed will implement a 25 basis-point rate cut as soon as March.
Despite the rally, some officials from the Federal Reserve have made comments recently saying it’s too early to consider a cut to rates in March.
Reports showed the U.S. economy may be in stronger overall shape than expected, with both consumer confidence in December and sales of previously occupied homes in November improving more than economists had expected.