Dollar Storms Back (But Not Against The Yen) After Fed Signals Low Bar To September Cut
Neither the FOMC statement nor Fed Chair Powell's press conference dented the markets' confidence that the Federal Reserve will begin an easing cycle at its next meeting in September.
Silver Price Tumbles To Near $28.70 As USs Dollar Recovers Ahead Of US Data
Silver price faces a sharp sell-off near the weekly high at $29.16 as the US Dollar recovers strongly. An unexpected contraction in the Caixin Manufacturing PMI for July has also weighed on the Silver price.
Higher Unemployment In Eurozone Threatens Consumption Recovery
The Eurozone unemployment rate increased in June to 6.5%, jeopardizing the desired acceleration in household consumption.
Bear Of The Day: Carter's, Inc.
Carter’s, Inc. stock has fallen 19% in 2024 as the retailer’s earnings outlook fades amid a challenging retail environment, with customers stung by inflation.