While maintaining its cautious approach to monetary policy, the Fed has signaled the possibility of a rate cut as early as September if inflation continues to ease.
This week, expect some additional volatility in the US as a slew of important data releases hover in the horizon. Before we delve into that, we take a quick a look at some of the key observations this week. The …
Fed Chair Jerome Powell recently emphasised that the latest inflation figures boost confidence in reaching the 2% inflation target, suggesting a potential rate cut in September. June retail sales in the US, excluding autos, rose by 0.4%, surpassing expectations.
A sharp sell-off in mega-tech stocks dragged down the Nasdaq and the S&P 500. However, a cooler-than-expected inflation update suggested a nearly certain 25 basis points (bp) Federal Reserve rate cut in September. Learn how despite the tech slump, the …
Traders continue to watch the Federal Reserve’s indications regarding potential rate cuts. Despite new forecasts for monetary policy that include an interest rate reduction in 2024, market expectations remain firm for the first cut in September, followed by another in …
This week, US equity markets experienced a subdued uptick, with the Nasdaq gaining 6.76% month-to-date (MTD), the S&P 500 rising by 3.89% MTD, and the Dow Jones adding a modest 36 points, or 0.09%. Traders are waiting with bated breath …
WTI and Brent crude oil prices fall due to unexpected rise in US inventories and market caution ahead of the US PCE data. Geopolitical tensions add to supply concerns.
This week, market participants will have their eyes on key economic indicators from Australia, the US, and China, as these data points are expected to provide deeper insights into inflation trends and economic health. Australia to release CPI for June …
The upcoming week is packed with key economic events that could significantly impact the markets. Here’s a detailed look at the key events to watch from 17th to 23rd June 2024, covering important announcements from China, Australia, the UK, and …
The Federal Open Market Committee (FOMC) chose to maintain the federal funds rate at its meeting on May 1, marking the sixth consecutive meeting without a change. This decision was influenced by earlier inflation data and robust job growth, which …
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