Brad McMillan, Commonwealth’s CIO, recaps December’s market and economic news. Markets around the world were up from 3 percent to 6 percent last month and up by double-digits across the board for the year. The lack of a recession drove these positive results, with job growth and consumer confidence remaining healthy. The Fed kept rates steady last month, signaling a potential soft landing for the economy as inflation continues to decline. But how many rate cuts can we expect in the coming year? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.