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Minneapolis Fed President Neel Kashkari stated at an event overnight that he expects “some more modest cuts” in interest rates over the coming quarters, to bring rates closer to a neutral level. However, Kashkari emphasized that the pace and size of future cuts will be heavily dependent on incoming data. The concept of a “neutral” […]

The post Fed’s Kashkari sees modest rate cuts ahead to neutral appeared first on Action Forex.

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08/01/2024

WTI Oil Price Falls Sharply, On Track for Biggest Daily Loss Since Mid-November

WTI oil price fell nearly 5% on Monday, deflated by decision of top oil exporter, Saudi Arabia, to cut February selling price to Asia to the lowest in over two years and rise in OPEC output. The measures partially counter persisting supply fears over rising geopolitical tensions in the Middle East and may limit the […]
08/04/2024

Sunset Market Commentary

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07/12/2023

S&P 500 Analysis: Why Santa May Have Problems Rallying

It is traditionally believed that the Santa Rally occurs at the end of December and the first days of January, but according to many opinions it is acceptable to think that it begins much earlier. At the beginning of December, the values of the S&P 500 index came close to the highs of the year […]