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**Stocks Open Mixed as Investors Brace for Fed Decision**

On Monday morning, the stock market showed minimal change, indicating a subdued start to the week, which is packed with important news regarding inflation and the Federal Reserve’s final policy decision of the year.

The Dow Jones Industrial Average (^DJI) saw a modest increase, while the S&P 500 (^GSPC) experienced a slight decrease of around 0.2%. Technology stocks led the decline, with the Nasdaq Composite () dropping by almost 0.5%.

Investors are approaching two significant events that could significantly impact the trajectory of stocks leading into 2024: the release of November’s consumer inflation data and the Federal Reserve’s interest rate decision.

The recent jobs data brought some optimism that the Fed could engineer a “soft landing” for the US economy, which is currently burdened by historically high borrowing costs. This news helped the stock market indexes to close out their sixth consecutive week with gains, reaching the highest levels since early 2022 for the S&P 500 and Nasdaq.

Now, attention is turning to the Consumer Price Index data set to be released on Tuesday, which will test this optimism. The expectation for the Fed to halt rate hikes this week has been solidified by signs of a cooling inflation. Furthermore, there is an increasing belief that a rate cut may be on the horizon before the summer.

In individual corporate news, Macy’s (M) experienced a significant surge of 16% in premarket trading due to a $5.8 billion buyout offer. The board of the retail chain is currently evaluating the offer, which aims to take the company private.

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