barnyard93

    • barnyard93barnyard93
      ·2023-07-18
      Great ariticle, would you like to share it?

      Cooler Inflation, Weaker Dollar: A Boon For Commodities

      @Chris23
      Positive Macroeconomic News Points to Easing Monetary Conditions The US inflation rate slowed to 3% in June 2023, the lowest since March 2021 and below expectations of 3.1%. The slowdown was partly due to a high base effect from last year, with food, energy and shelter prices cooling off in recent months. Producer prices also signaled a slowdown in economic activity, rising 0.1% month-over-month in June 2023, below market forecasts of 0.2%. The market is now pricing in a 25 bps rate hike in July which is expected to be the last in the current rate hike cycle. United States Inflation Rate Consequently, the DXY has broken a key level of resistance at $101 as traders contemplate the end of the Fed’s rate hikes. USD weakness is good news for commodities bulls as it translates to higher export
      Cooler Inflation, Weaker Dollar: A Boon For Commodities
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