The Federal Reserve gave investors exactly what they said They wanted to cut interest rates by a whopping 50 basis points on Wednesday – but that was still not enough. After a brief rise after the initial announcement, stock prices went through a period of high volatility before all three major US market indices closed […]
U.S. Treasury yields rose slightly on Wednesday as Wall Street assessed a mixed consumer price index report and its impact on the Federal Reserve’s interest rate decision next week. The return on the 10-year government bonds was more than 2 basis points higher at 3.667%, with the 2-year government bonds The yield recently rose by […]
The EUR/USD rate reached new annual highs on Wednesday. Following the release of the meeting minutes, the FOMC appears to be leaning toward rate cuts in September. The PMI figures for the EU and the USA as well as Jackson Hole are due on Thursday. EUR/USD continued to rise to the upper end on Wednesday, […]
Although it has not resulted in a full-blown rally, the rally in gas that began last week has continued. The reason for this is another geopolitical flare-up, but this time the Middle East is not causing the problems. The latter, however, could make the situation even worse if the fears come true and Iran ultimately […]
