The broader U.S. equity markets have witnessed significant volatility over the past few trading days as concerns regarding the Federal Reserve’s interest rate cuts took center stage amid stubborn inflation. However, the November reading of the personal consumption expenditures price index, which increased 2.4% year over year, offered some solace as it was a tad less than broad-based expectations. This helped defuse some of the bearishness and helped stocks recover from a volatile past week that witnessed th ...