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Fed

Fed latest

Fed’s rate cut
September 24th, 2024 - 07:25 GMT

Commodity prices rise up following Fed’s rate cut

Commodity markets saw an upward trend last week after the Fed’s 50-basis-point rate cut after four years, while the possibility of a soft landing strengthened once again in the money market expectations. After the September meeting, Fed Chairman Jerome Powell said that the upside risks to inflation have lessened and downside risks to employment rose. Meanwhile, the possibility of avoiding a recession boosted the risk appetite. Precious metals down except ...
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Overall inflation and inflation for items other than food and energy were running below 2% on a 12-month basis
August 1st, 2019 - 06:30 GMT

US Central Bank Cuts Interest Rates for First Time Since 2008 Crisis

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