The Federal Reserve's recent minutes indicate that market participants expect no changes to the federal funds rate at the upcoming June meeting, with a potential rate cut anticipated in mid-2024. Despite rising inflation expectations due to geopolitical tensions, longer-term inflation remains anchored around the Fed's 2% target. Overall, financial markets have shown resilience, with increases in equity prices and Treasury yields amid ongoing economic growth and optimism in technology investments.
| Policy Rate | 3.62% |
| EUR/USD | 1.1525 |
| GDP Growth | 1.8% |
| M2 Growth | -1.2% |
| 10Y Yield | 4.54% |
| 2y10y Spread | +0.38% |
| Credit Spread | 0.42% |
Top traded commodities for United States
| Commodity | Price | 1D | 30D |
|---|---|---|---|
| WTI Crude Oil | 69.60 USD/barrel | -0.2% | -31.6% |
| Natural Gas (Henry Hub) | 3.29 USD/MMBtu | -1.5% | +3.5% |
| Copper | 13,483.75 USD/mt | +4.6% | +64.6% |