Weekly Markets Monitor: Tentative easing
Last week saw a mix of central bank actions. The US Fed cut 25bps as expected yet with a less dovish tone while the BOE held rates unchanged and slowed its QT.
Last week saw a mix of central bank actions. The US Fed cut 25bps as expected yet with a less dovish tone while the BOE held rates unchanged and slowed its QT.
Last week, the US Fed signaled potential rate cuts amid mixed economic signals. The US labor market softened while business activity and housing data surprised on the upside.
Last week saw new tariffs announced and higher tariffs take effect. Central banks in the UK and India made cautious, diverging policy moves.
Gold: After a torrid couple of weeks, which saw gold fall from around $1310/oz to lows below $1270, #gold has posted a bit of a recovery over the past three days and is now at the highs of the week.
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