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Silver prices remain above $30 as investors anticipate a decline in US inflation. The upcoming Fed minutes and new inflation data are crucial for understanding future monetary policy, with an 86.6% chance of a 25 basis point rate cut predicted for November 7. A drop below the $30 mark could intensify downward pressure on prices.
Gold prices are experiencing a pause after a significant rise, with investors focusing on Jerome Powell's upcoming speech and US jobs data. Currently, there is a 60% chance of a quarter-point interest rate cut by the Fed, while the labor market report anticipates an increase of 142,000 jobs. Investors are eyeing the $2,700 mark, with potential fluctuations influenced by developments in China’s economy.
Bitcoin has surged past $66,000, driven by optimism surrounding potential Chinese economic support and interest rate trends in the US. Investors are closely watching the upcoming US labor market report, which could influence monetary policy and market sentiment ahead of the presidential election. With a 53.3% chance of a significant interest rate cut, the Fed's decisions will be pivotal in shaping the economic landscape.
The Federal Reserve is set to cut interest rates for the first time since 2020, with options of a 25 or 50 basis point reduction. Market sentiment leans towards a 50 bps cut, but expectations suggest a more cautious 25 bps reduction may be likely, reflecting mixed economic signals. The upcoming FOMC meeting will also provide insights through economic projections and the dot-plot chart, influencing market reactions, particularly in Forex and U.S. equities.
Ethereum's price has surged ahead of the Federal Reserve's upcoming meeting, where a decision on interest rates is anticipated. Investors are speculating on a potential rate hike of 25 or 50 basis points, with a 63% probability of a 50 basis point cut. Additionally, the US election campaign is expected to influence market dynamics, particularly following a recent debate between Kamala Harris and Donald Trump, with hopes for a crypto-friendly administration.
CME Group Inc.
Companies
| Symbol | CME |
| Name | CME Group Inc. |
| Currency | USD |
| Sector | Financials |
| IndustryGroup | Diversified Financials |
| Industry | Capital Markets |
| Market | NASDAQ Global Select |
| Country | United States |
| State | IL |
| City | Chicago |
| Zipcode | 60606 |
| Website | http://www.cmegroup.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
silver price remains above 30 dollars as investors eye inflation data
15:09 09.10.2024
gold prices pause as investors await powell speech and us jobs data
15:49 30.09.2024
bitcoin surpasses 66000 dollars as investors eye us labor market report
09:00 29.09.2024
federal reserve prepares for first interest rate cut since 2020
09:00 17.09.2024
Ethereum surges ahead of Fed meeting as investors eye interest rate decisions
09:00 17.09.2024
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