Heavy Weather
Thursday 10th October 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABStorm Milton hit the Florida coast at 1am ET. Despite that, and the continued risk of an Israeli attack on Iranian oil facilities, oil prices fell overnight. Obviously China demand is part of the picture here, but another ‘announcement’ is expected from Beijing this weekend. In the latest FOMC minutes it is clear there was agreement that the risk of inflation had diminished, whilst the downside risk to employment had increased. The latest payrolls data suggest that downside…
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