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US open – Fed, markets, gold, OPEC+, oil
Volatility is going nowhere but the stock market sell-off appears to have stabilized, at least for now, with healthy gains being seen for the second time this week. Once again , it’s central banks to the rescue with the Fed opting for a little shock therapy with its unscheduled 50 basis point cut and others doing so in the more traditional manner. That’s not going to solve any problems in the real world but it may sustain financial markets in the medium term and allow other policy makers to step up. World leaders have a fine balancing act on their hands. Put the public on high alert to the point that they take ... (full story)