Sep 17 2024, 09:03 The dollar index held its recent decline to around 100.7 on Tuesday, hovering near its lowest levels in 14 months ahead of the Federal Reserve’s two-day policy meeting, where it is expected to deliver an outsized rate cut. Markets are currently pricing in a 67% chance that the Fed will lower…
Sep 17 2024, 06:53 Oil climbed for a second session as an increase in bets the Federal Reserve will opt for a lager interest-rate cut this week aided wider market sentiment and offset signs of flagging demand. West Texas Intermediate traded above $70 a barrel after rising 2.1% on Monday, with Brent closing near $73. Opinion remains divided…
Sep 17 2024, 06:38 Gold held near a record high, as traders’ uncertainty about the Federal Reserve’s interest-rate decision is the highest since 2007. Bullion was near $2,580 an ounce in early Asia hours ahead of the Fed’s Sept. 17-18 gathering. Whether policymakers will cut interest rates by a quarter-point or a half-point is considered a tossup in…
