Commodity prices surge following Fed’s rate cut Related news
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ISTANBUL Commodity markets saw an upward trend last week after the Fed’s 50-basis-point rate cut after four years, while the possibility of a soft landing strengthened once again in the money market expectations. After the September meeting, Fed Chairman Jerome Powell said that the upside risks to inflation have lessened and downside risks to employment rose. Meanwhile, the possibility of avoiding a recession boosted the risk appetite. Precious metals down except for gold, silver The ounce
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