S&P 500 Forecast: Bulls Energized after US CPI. Will the Fed Play Spoiler?

The S&P 500 breaks above key Fibonacci resistance and rallies to its best levels since April 2022 on softer-than-expected U.S. headline inflation data ahead of a critical Fed decision on Wednesday.

from DailyFX – Market News https://ift.tt/wltbq0B
via IFTTT

Copper Rebound Gains Pace After the PBoC Lowered Chinese Borrowing Costs

China lowered a short-term borrowing cost in an attempt to support the economic recovery. Other more influential rates may follow as global growth declines

from DailyFX – Market News https://ift.tt/pb4kFDY
via IFTTT

US Inflation YoY Declines to 2-Year Lows but Core CPI Remains Sticky, DXY Edges Lower

US inflation data came out positive this afternoon potentially solidifying a pause from the Federal Reserve at tomorrow’s meeting. Will it be a ‘hawkish or dovish’ pause?

from DailyFX – Market News https://ift.tt/gU52wNe
via IFTTT