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@OptionsBB:
A larger-than-expected slowdown in inflation bolstered bets that the Fed would cut interest rates as early as March, but Nike's sharp drop in its full-year outlook weighed on sentiment and the three major U.S. indexes ended the eighth straight week with gains, the first for the S&P since 2017 and the first for the Dow since 2019.The latest data showed the core personal consumption expenditures (PCE) price index fell to 3.2 percent in November, the lowest since April 2021 and below market expectations. In addition, the PCE price index rose 2.6 percent year-on-year in November, below market expectations of 2.8 percent.Meanwhile, U.S. durable goods orders rose 5.4 percent in November, the largest increase since December 2022. Signs that inflation is accelerating and slowing have bolstered