Gold prices rallied in Asian trading on Monday, pushing towards the $2,400 mark as investors bet on potential interest rate cuts by the Federal Reserve. The precious metal has been gaining traction after encouraging inflation …
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US Economy on Track for Soft Landing, Rate Cuts Imminent: UBS
UBS analysts remain confident in a soft landing for the US economy, with inflation cooling down and the Federal Reserve poised to cut interest rates. The investment bank predicts a near-100% chance of a rate …
Continue readingOil Prices Slip Despite Strong US Fuel Demand
Oil futures closed slightly lower on Friday, with investors weighing the impact of a weak consumer sentiment report against growing expectations of a Federal Reserve rate cut in September. Brent crude futures settled at $85.03 …
Continue readingFed Report: Inflation Easing, Job Market Rebalanced, Rate Cuts Possible
The Federal Reserve released its latest Monetary Policy Report to Congress on Friday, indicating a steady return to more normal conditions after the pandemic. The report highlights easing inflation, a rebalanced job market, and the …
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