Narrative changes from rate-cuts to slowing growth.
Fed officials are expected to lower rates by a quarter point at their September 16-17 meeting.
Goldman says Brent Oil to slump to low-$50s in 2026 on glut.
Global bond sell-off puts bond market at a critical juncture with 30-year Treasury yields close to 5%.
Asian stock markets are trading higher as major currencies in the region strengthened against the US dollar.
A US jobs report on Friday will be watched closely for its impact on US monetary policy.
While the PCE report is unlikely to yield a major surprise, it’s likely to suggest there’s stickiness in inflation.
It’s the most highly valued public company, but $50B in revenue does not put it even in the top 10 for traded companies.
Nvidia to give an update on the artificial intelligence spending boom and how the US-China rivalry is limiting growth.
“The market is seeing this as a direct intervention in the Fed” and this action is bad news for US assets.
Price action reflects a sigh of relief that a Fed rate cut is finally underway.
Dollar higher on upbeat US manufacturing data and hawkish comments from Federal Reserve officials.
