more to come
This article was written by Eamonn Sheridan at www.forexlive.com. Source
Fed’s Daly says need to cut rates because economy slowing, inflation falling
access_timeSeptember 20, 2024
Latest:
- Stock Market & Forex Update | Key Trends & Analysis for September 19, 2024 (video)
- CBA shifts expected RBA rate cut timing to December 2024 (from November)
- AUD/USD support: RBA on hold with strong jobs market, sticky CPI; Fed policy divergence
- BlackRock is wary of the Federal Reserve 50bp rate cut, watch the word “recalibration”
- UBS forecasting many more Federal Reserve rate cuts, forecast S&P 500 to 6200
- More info – Goldman Sachs sees Fed cutting by 25 bps at each meeting until June next year
- ICYMI: US Treas Sec Yellen said the Fed rate cut is ‘very positive sign’ for economy
- GBPUSD has a volatile day, but bounces off a key support level
- EURUSD found buyers at the 100 hour MA and traders look toward the high for the day
- The AUDUSD tests a key area on the daily chart. Buyers and sellers be on alert.
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