United States Baker Hughes US Oil Rig Count above forecasts (478): Actual (482)

Dec 6, 2024

Fed's Hammack: The market view of one cut between now and late January is reasonable

Federal Reserve (Fed) Bank of Cleveland President Beth Hammack noted that while she believes it may be time for the Fed to begin slowing the pace of rate cuts, the Cleveland Fed head gave a nod to investors who are anticipating at least one more rate cut between now and the end of January.

US Dollar sees some gains after NFP and sentiment data

The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, gained toward 106.00 on Friday, driven by several key movers.