Unexpected Drop News Today

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) European Stocks Climb Ahead of Fed 2) UK’s Unexpected Drop in Inflation…

Oil prices fell 4% after the U.S. Federal Reserve raised interest rates and investors worried about the economy. Brent futures and WTI crude decreased, and the unexpected rise in U.S. gasoline inventories and China's manufacturing activity added to the pressure. Morgan Stanley lowered its Brent price forecast, while the Fed signaled a possible pause in further increases.

USDA’s first official net farm income forecast of the year shows higher costs will drive down 2023 net farm income, but the bigger factor is the forec

Euro US Dollar Exchange Rate on Track for Big Gains This Week  Despite the recent strength of the US Dollar (USD) and its advance attempts today, the Euro US Dollar (EUR/USD) exchange rate is on track for big gains this week. The Euro (EUR) was able to capitalise on US Dollar losses.  Since opening this week at the level of 1.1764, EUR/USD has seen a surge in demand and has regained much of the losses seen over the past month.   Last night, EUR/USD touched on a high of 1.1924 – the best l...