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With no slowdown in sight for the US economy, the Fed will need to see several months of even slower price data before cutting rates. September is probably too soon, and we now expect the first US cut in December whereas the ECB will start in June. Chairman Powell outlined the Fed's reaction function at their latest post-meeting press conference. To start ...
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video Gold rallied to a new trend high of 2,397 on Thursday before encountering resistance and pulling back intraday. At the time of this writing gold is on track to complete the day with a narrow range, reflecting a pause in the advance. Resistance was seen at the 78.6% Fibonacci retracement and further confirmed by a top rising trend channel line that ...