US Fed Indicates Three Rate Cuts in 2024

Table of Contents:

1. Market Moving Headlines

2. Interest Rates

3. Currencies

4. Commodities

5. Quote of the Week

Market Moving Headlines

• US Fed holds rates steady for another session.

• Fed indicates three quarter percentage point cuts in 2024.

• 10-year Treasury yield falls to a 4-month low.

• US gasoline futures trade at lowest levels since November 2021.

• Argentinian stock market extends record high on newly elected President Milei’s aggressive economic reforms.

• Uranium prices in the US surged past $82 per pound for the first time since January 2008.

• US producer prices steadied in November from October 2023.

• WTI crude futures remain close to low levels not seen since June 2023.

• Steel retreats from 3-week high.

• US 30-year mortgage rates down for the fourth week.

• US mortgage applications rise for the sixth week.

Interest Rates

Currencies

Commodities

Quote of the Week

“It takes as much energy to wish as it does to plan.” – Eleanor Roosevelt

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