Morning Brief 12/12/2023

U.S. stocks managed to close at new highs for the year, ahead of major market catalysts this week that include inflation readings and the Fed's policy announcement. Investors increasingly believe the central bank is done with its interest rate hike cycle and could potentially cut rates in the first half of next year. These expectations have helped fuel a rally in equities in recent weeks that sent each of the three major indexes to their highest closing levels of the year.