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Oil, gold and the US dollar are surging. Here’s why that could derail the Fed’s rate-cut outlook
A global economic recovery is fueling a blistering commodities rally in 2024 — threatening to derail the Federal Reserve’s efforts to curb inflation and potentially clouding its path to cutting interest rates by mid-year, according to market strategists. From oil and gasoline to gold and silver, commodities have started the year on a high note, with some surging to levels not seen in years. The rally has helped stoke renewed inflationary fears among financial-market investors, and spurred worries that the U.S. central bank may have to keep borrowing costs higher for longer than expected. The Bloomberg Commodity ... (full story)
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- Posted: Apr 3, 2024 10:02pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,670
