Fed Keeps Rates Unchanged – Likely Not Ready for March Cut

Table of Contents:

1. Market Moving Headlines

2. Economic Calendar – Week of February 5th, 2024

3. Interest Rates

4. Currencies

5. Commodities

6. Quote of the Week

Market Moving Headlines

• The Federal Reserve kept the fed funds rate unchanged at a 23-year high.

• Fed Chair Powell says he doesn’t think a March rate cut is likely.

• Heating oil futures approach a 12-week high.

• Canadien dollar at a 3-week high.

• US employment costs rise the least in 2-1/2 years.

• US private employment rises less than expected.

• German inflation rate drops to a 2-1/2 year low.

• Chile retail sales fall for the 20th month.

• Brazil jobless rate nears a 9-year low.

• US mortgage applications slump 7.2% in the latest week.

Economic Calendar – Week of February 5th, 2024

Interest Rates

Currencies

Commodities

Quote of the Week

“A good plan violently executed now is better than a perfect plan executed next week.” – General George S. Patton

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