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Tag: Traders

Traders raise the chances of a Fed rate cut following inflation report

Shoppers during the grand opening of a Costco Wholesale store in Kyle, Texas, on Thursday, March 30, 2023.Jordan Vonderhaar | Bloomberg | Getty ImagesEven with inflation running well above the Federal Reserve's goal, markets became more convinced Wednesday that the central bank will...

Oil’s sharp slide has surprised markets. But some traders now see a bottom for prices

Aerial view of oil and gas jack-up rig at the yard for maintenance with many vessels in Singapore. Oil prices saw three consecutive weekly declines last week, marking the longest losing run this year.Chain45154 | Moment | Getty ImagesThe recent slide in oil...