Good evening.
Stocks and crypto fall, major Fed decision on Wednesday, and Elon Musk named TIME’s Person of the Year.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks fell after the S&P finished last week at its 67th record high of 2021.
The big event this week is the Fed’s final policy meeting of the year.
The Fed is expected to move more quickly to wind down its support and signal that it will raise interest rates next year.
Data published Friday showed consumer prices increased in November at the fastest annual rate since 1982.
The crypto market fell on Monday, with Bitcoin trading near $47k, as investors pulled back from risky assets.
Catch Up
Elon Musk was named Time’s 'Person of the Year' for 2021.
According to Crunchbase, companies raised $65 billion last month – the highest single-month total ever.
The metaverse market could hit $800B by 2024, as large tech companies invest in building it.