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Jay Powell’s dilemma: the US economy is too strong to cut rates
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Dow Closes Below 40000 After Hitting Milestone
The Dow Jones Industrial Average crossed 40000 for the first time before pulling back to finish the day with a loss of around 0.1%. The S&P 500 and Nasdaq Composite also retreated.The Wall Street Journal - World -
Gold Edges Higher, Supported by Fed Rate-Cut Hopes
Gold edged higher in early Asian trade, supported by hopes for Fed rate cuts which would enhance the allure of the non-interest-bearing precious metal.The Wall Street Journal - World - Federal Reserve -
Oil Edges Higher, Aided by Fed Rate-Cut Prospects
Oil edged higher in early trade, aided by prospects of Fed rate cuts which would help support the U.S. economy and energy demand.The Wall Street Journal - World - Federal Reserve -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business
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