Monthly Archives: September 2024
Fed’s Jumbo Rate Cut, Market Set To Rattle
Written on September 20, 2024 at 2:34 am, by pumarketings
Monday, 23 September 2024, 15:45 – US Manufacturing PMI (Sep) The S&P Global US Manufacturing PMI was revised slightly down to 47.9 in August 2024 from a preliminary of 48. The data continued to point to the most marked deterioration in the health of the manufacturing sector so far this year. Production decreased for theContinue Reading
Eyes on Today’s BoE Policy Decision
Written on September 19, 2024 at 5:52 am, by pumarketings
Market Summary The Federal Reserve’s monetary policy decision was announced yesterday, aligning with market expectations for a more aggressive rate cut. This bold move sparked significant volatility in the market, with the Dollar Index (DXY) fluctuating by over 1% during the event. However, as the rate cut had been largely priced in by the market,Continue Reading
All Eyes on Fed’s Policy Today
Written on September 18, 2024 at 5:41 am, by pumarketings
Market Summary The financial spotlight today is on the FOMC interest rate decision and Jerome Powell’s speech, both highly anticipated by global markets. The futures and bond markets are positioning for a larger-than-usual rate cut, exceeding the standard 25 bps. As speculation of this larger cut grows, the U.S. dollar has continued to weaken, whileContinue Reading
