Search
Close this search box.

July 8, 2024

Commodity markets rally week on Fed’s rate cuts

ISTANBUL: Commodity markets saw sharp rises last week as expectations for an interest rate cut by the US Federal Reserve increased.

Non-farm payrolls in the US exceeded expectations, having increased by 206,000 people in June, affecting the prices.

Americans’ 1-year ahead inflation expectation falls in June

ISTANBUL: American consumers’ one-year ahead inflation expectation fell in June, according to a survey released Monday by the Federal Reserve Bank of New York.

The median one- and five-year ahead inflation expectations both dropped 0.2 percentage poi…