Michael Kramer
Michael Kramer highlights the near-term levels to watch across major stock indices, FX pairs and commodities as global markets continue to digest last week’s big interest rate cut from the US Federal Reserve. The economic calendar is quieter this week, but traders will be keeping a close eye on the US personal consumption expenditures (PCE) report on Friday. The Fed’s preferred inflation gauge is expected to have risen 2.3% in the year to August, easing from 2.5% in July. Signs that US inflation is continuing to cool could increase the likelihood of further Fed rate cuts this year, potentially weakening the US dollar.
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This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. CMC shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember spread betting and trading CFDs carries significant risks and may not be suitable for all investors.