Market Recap | 13-June-2024
U.S. consumer prices increased less than expected on an annualized basis in May. This suggests a possible easing in price pressures, which could influence Federal Reserve policymakers’ future decisions on interest rates.
As anticipated, the Fed kept interest rates steady on Wednesday. However, Chair Jerome Powell surprised markets by announcing that the central bank now plans to cut rates only once this year. This is down from the previous estimate of three cuts in March.
Oil prices in Asian markets fell on Thursday after official data showed an unexpected increase in U.S. crude inventories. Meanwhile, the IEA lowered its oil demand growth forecast for 2024 and warned of a potential supply glut.
PPI data, due later on Thursday, is expected to offer further insights into inflation trends.
https://www.youtube.com/embed/bnsScHyQBbQ Gold (XAU/USD) continues its bullish momentum for the fourth consecutive day, trading near $2,660,…
Dear Valued Clients, Please be advised that the leverage on all US Share CFDs products will…
Overview of the Event The Money Expo Qatar 2024 was held at the Doha Exhibition…
Dear Valued Clients, STARTRADER always prioritizes the interests of clients. With two-factor authentication (2FA), we…
Dear Valued Clients, Please be advised that the following CFD instruments will be automatically rolled…
Dear Valued Clients, Please be advised that the following instruments' trading hours and market session…
This website uses cookies.