'Wonderful Christmas gift': Fed's surprise rate-cut plan springs hope of 2024 biotech market rebound

Though Christ­mas is right around the cor­ner, the long biotech win­ter may soon be over. The Fed­er­al Re­serve an­nounced Wednes­day it plans to cut in­ter­est rates three times next year, set­ting the stage for the first cuts since it be­gan rais­ing rates in ear­ly 2022 and open­ing the door…

#christmas #winter #unlock