Apr 03, 2024
Powell's speech, commodities on the rise: Top takeaways
Inflation data, in all its forms, has been under a microscope as the Federal Reserve has made it clear that it wants more data to inform its next decision on interest rates. Fed Chair Jerome Powell made a speech on Wednesday reiterating the point that it relies on inflation data, that inflation is on a "bumpy" path to the target goal, and that an interest rate cut is likely to happen within the year. Commodities have been on the rise as inflation remains and supply issues have boosted prices for commodities like golld (CC=F), while the energy sector continues to perform poorly in the long term, but may have room to grow Yahoo Finance Reporter Josh Schafer joins Market Domination Overtime to break down the top takeaways from the trading day for April 3. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's note: This article was written by Nicholas Jacobino