Brent crude is trading at more than $100 a barrel, WTI has surpassed $90, but oil drillers in the world’s largest producer are cautious about their future plans. In fact, they are quite unhappy with the war in the Middle East, because it has made investment planning difficult. At first glance, everything is perfect, price-wise….
Desiree RÃos/Bloomberg via Getty Images Beth Hammack, president and CEO of the Federal Reserve Bank of Cleveland, was one Fed official who said she did not support the decision to cut rates. Three Federal Reserve officials said Friday that they disagreed with the Fed’s decision to cut the central bank’s key interest rate by a…
The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.26%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.09% and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.48%. December E-mini S&P Futures (ESZ25) rose +0.27% and December E-mini Nasdaq Futures (NQZ25) rose +0.44%. US stock indices closed higher on Friday amid positive…
The Dollar Index (DXY00) rose +0.27% on Friday to hit a new 2.75-month high. Friday’s hawkish comments from Kansas City Fed President Jeff Schmid, Dallas Fed President Lorie Logan and Cleveland Fed President Beth Hammack supported the dollar as they cited reasons to oppose the Fed’s rate cuts. The dollar also rose after the October…
