Stocks, Dollar Calm Ahead of Expected US Rate Cut

Stocks, dollar calm ahead of expected US rate cut

Stock markets diverged and the dollar steadied as investors expected the US Federal Reserve to cut interest rates Wednesday to shore up the world's biggest economy.

Stocks, dollar calm before expected US rate cut

Stock markets and the dollar steadied as investors expected the US Federal Reserve to cut interest rates Wednesday to shore up the world's biggest economy.

US Dollar - Kluis Commodity Advisors

I am watching the US dollar ahead of the widely anticipated Federal Reserve rate cut. A weaker dollar could make US commodities more competitive for foreign buyers, potentially boosting already strong corn exports and supporting soybean exports amid China’s absence. Get our daily in-depth analysis delivered directly to your inbox... Read More The post US Dollar appeared first on Kluis Commodity Advisors.

US Federal Reserve Rate Cut Anticipated

The US Federal Reserve is widely expected to cut interest rates for the first time this year. The anticipated cut, predicted to be a quarter of a percentage point, would bring the federal funds rate to between 4 per cent and 4.25 per cent. The move is designed to address the notable decline in the US jobs market. Ten Cap chief investment officer Jason Todd anticipates that Federal Reserve chairman Jerome Powell’s upcoming statement will echo his…