fedwatch

Gold Prices Rebound as Investors Await Inflation Data, Fed Rate Cut Speculations

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[ad_1] Last Updated: May 08, 2023, 23:43 IST Markets saw a 88% chance of the Fed holding rates at their current level in June, and a 33% chance of a rate cut in July, according to CME’s FedWatch tool. (Representative image/AP) Spot gold rose 0.6% to $2,028.42 per ounce by 11:45 a.m. EDT (1545 GMT). … Read more

US retail sales post second straight monthly drop; factory output falls – Times of India

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[ad_1] WASHINGTON: US retail sales fell more than expected in March as consumers cut back on purchases of motor vehicles and other big-ticket items, suggesting that the economy was losing steam at the end of the first quarter because of higher interest rates.Ebbing demand for goods is undercutting production at factories, with other data on … Read more