S&P 500 Futures Largely Unchanged as the Fed’s Preferred Gauge of Inflation Cools to 3.9%

US Fed Policymakers will no doubt breathe a sigh of relief as Core PCE data cooled in August. Short-term US interest rate futures barely moved however, as market participants still see the rate hiking cycle as done.

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GBP/USD Price Forecast: Pound Rallies on Positive UK GDP Report

GBP prices strengthened against the USD on the back of UK GDP numbers as well as dovish Fed talk which left the US dollar trading lower this morning.

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