Markets News

Fed's Bostic Expects Two Rate Cuts This Year; Gold Hits $2954, New Record High!

· The number of initial jobless claims in the United States for the week ending February 15 was slightly higher than expected, at 219,000, higher than the expected 215,000. The previous value was revised from 213,000 to 214,000. The increase in the number of initial jobless claims indicates an increase in the number of newly unemployed people in the US, foreshadowing a deterioration in the US employment environment. This news is bearish for the US dollar. · US President Trump: Lumber tariffs may be announced around April 2. Timber tariffs will affect U.S. overseas timber trade and will also indirectly affect U.S. economic data. This news is bearish for the US dollar. · Musk's Grok tops the list of free apps on the US AppStore. This news is good news for Tesla's US stock.

TOPONE Markets Analyst

2025-02-21 10:53:49

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