Express News | Benzinga Market Summary: Oil Rises On Middle East Tension And Libya's Production Halt, Chinese E-Commerce Fall On PDD Sales Miss, NVIDIA Preview Suggests Strong Sales Ahead Of Wednesday's Q2 Report
Express News | Liquidity Services Partners With Aaron Industrial Solutions To Sell Unused Assets For Global Energy Leader In China, Featuring Over 60 Sumimoto Cryogenic Heat Exchangers Available On AllSurplus.com Until August 31, 2024
Asia And Europe Markets Mixed; Gold Hits Another Record High As Dollar Hits 3-Week Low - Global Markets Today While US Slept
The Federal Reserve is "in position"! The global easing curtain is expected to open a new chapter next month.
Last Friday, officials from the three major central banks of the United States, the United Kingdom, and Europe coincidentally stated that they will enter an interest rate cut cycle in the coming months or continue the previous rate cut pace. This indicates that as the global economy gradually emerges from the post-pandemic period of high inflation, the era of high global borrowing costs is about to end, and the loose monetary policies of major central banks are also expected to usher in a new chapter next month.
On the eve of the Jackson Hole meeting, Federal Reserve officials are sounding dovish, expressing strong support for an early rate cut.
Officials still emphasize the health of the US labor market and economy, but advocate for gradually starting to reduce interest rates as soon as possible.
Asia Mixed, European Markets Advance; Gold Stays Near All Time High While Dollar Gains - Global Markets Today While US Slept
