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.
The meaning of aggregate risk may differ depending on the context. Generally it pertains to…
Dear Valued Client, In order to provide you with a better trading experience, STARTRADER will…
Also known as AUM, it refers to the total value of financial assets that an…
In order to fulfill the demand for goods and services created in the economy during…
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled…
Algorithmic trading is the marriage of trading and computer software. Instead of the trader monitoring…
This website uses cookies.