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Wednesday will mark a much anticipated first interest rate cut from the U.S. Federal Reserve. Gradual but persistent labour market softening and slowing inflation make it clear that current high interest rates are no longer needed. Indeed, the U.S. unemployment rate ticked lower in August but that was after having trended persistently higher over the […]

The post The U.S. Fed Will Finally Start Cutting Interest Rates appeared first on Action Forex.

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17/05/2024

Pound Edges Lower, Markets Eye FedSpeak

The British pound is down slightly on Friday. GBP/USD is down 0.14%, trading at 1.2648 in the European session at the time of writing. It has been a good week for the pound, which has gained 1% against the US dollar. Wednesday’s inflation release showed CPI dipping in April, reversing the trend of the past […]
17/09/2024

Could BoE Surprise With a Rate Cut on Thursday?

BoE meeting concludes on Thursday, the day after the Fed Economists assign an almost zero chance of a rate cut Wednesday’s CPI and the Fed rate cut could lead to a surprise BoE move Pound to benefit from an uneventful meeting BoE will announce its rate decision on Thursday The Bank of England is joining […]
14/08/2024

Nasdaq-100 Index Wave Analysis

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