26 July 2024
Data showed that the US economy grew stronger than expected in the second quarter, helped by solid growth in consumer spending and business investment, while inflationary pressures eased, so expectations of a Federal Reserve rate cut in September remain intact.
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25 July 2024
CBOE VOLATILITY index, Wall Street's “fear index” closed at 18.04, the highest point since April. Even a more dovish call from one of the Fed's notoriously conservative officials was unable to provide support to the markets.
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24 July 2024
Market participants were quite nervous waiting for the PCE PRICE INDEX report, the Federal Reserve's favorite measure of inflation, to be released on Friday. The 10-year US benchmark bond yield fell 0.9 basis points to 4.251%.
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23 July 2024
Investors digested US President Joe Biden's decision at the weekend to end his re-nomination, while a surprise interest rate cut by China's central bank moved Asian markets.
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22 July 2024
DOLLAR INDEX rose and is on track for its first weekly gain in 3 weeks, bouncing back on strong latest US economic data and concerns about recent tech disruptions.
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