โป๏ธ Good day, here are the latest developments:
๐ Bowman, a member of the Federal Reserve, confirms that she does not expect a rate cut this year.
๐ Bowman stated that she would support raising interest rates again if inflation rises.
๐ These statements are favorable for the US dollar and against metals and stock indices.
๐This week, there will be a debate between Trump and Biden, and things may tilt in favor of Trump.
๐ Bank of America says the Federal Reserve might cut interest rates in December at the end of 2024.
๐ This timing is much further out than market expectations and is favorable for the dollar in the long term.
๐Today, the markets are anticipating the US existing home sales report at 14:00 GMT.
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