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Summary United States: Riding the Wave The Consumer Price Index ended the year at 2.9% year-over-year, which is a minor improvement from its 3.1% rate in January 2024 and points to stalled progress on the road back to the Federal Reserve’s 2% inflation target. We now look for only two 25 bps rate cuts in […]

The post Weekly Economic & Financial Commentary: FOMC Likely to Enter an Extended Pause in Its Recent Easing Cycle appeared first on Action Forex.

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Canadian Inflation and Business Outlook Survey to Reveal More Economic Softening

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24/10/2024

Nasdaq Futures Rise as Tesla Beats

The first three sessions of the week haven’t been appetizing as the US political uncertainties, the ongoing geopolitical jitters in the Middle East, and the mounting expectation that Federal Reserve (Fed) would slow down the pace of monetary easing pushed investors to the sidelines. Gold ran from record to record despite the rising US yields […]
27/02/2024

WTI Oil: Oil Price Extends Weakness on Fading Fed Rate Cut Expectations

WTI oil price fell further in early Monday trading, in extension of Friday’s 2.2% drop, as the sentiment soured on signals that higher than expected US inflation may delay Fed rate cuts. Fresh weakness emerged after several upside rejections and repeated failure to register a weekly close above important Fibo resistance at $78.13 (38.2% retracement […]
13/07/2024

June Inflation Report and BOS Survey Set the Stage for BoC’s Next Rate Cut

The Bank of Canada’s quarterly Business Outlook Survey (BOS) and June’s inflation data will be the last major data releases before the BoC’s next interest rate announcement on July 24. We expect a slowdown in inflation after an upside surprise in May and for the BOS to look soft enough to justify a second consecutive […]