About: pumarketings
Recent Posts by pumarketings
Recession Concerns Ease: Can the U.S. Sustain Its Momentum?
Tuesday, 27 August 2024, 16:00 – US CB Consumer Confidence (Aug) The U.S. Conference Board Consumer Confidence Index rose to 100.3 in July 2024, up from a revised 97.8 in June. This growth was mainly driven by improved consumer expectations regarding future economic conditions, even as views on the present situation slightly weakened. The PresentContinue Reading
Dovish FOMC Meeting Minutes Hammers Dollar
Market Summary The dollar continued to face downside pressure following the release of the FOMC meeting minutes. Concerns were raised by FOMC members over potential labour market deterioration, with the majority of the members signalling that a September rate cut might be appropriate. This dovish narrative provided buoyancy to the equity market, as all majorContinue Reading
Eye on Today’s FOMC Meeting Minutes
Market Summary Wall Street took a pause in the last session, with all three major indexes remaining relatively flat as investors awaited the highly anticipated FOMC meeting minutes. Should the minutes align with market expectations and present a dovish tone, it could put further downward pressure on the dollar while potentially fueling gains in theContinue Reading
