Markets News

Several Fed officials oppose a December rate cut, the dollar index approaches the 100 mark!

Several Fed officials oppose a December rate cut, the dollar index approaches the 100 mark!

· Several Fed officials oppose rate cuts. Dallas Fed President Lorie Logan believes the Fed did not need to cut rates last week and opposes another rate cut in December. This news is positive for the dollar. · According to CNN, the U.S. Department of Defense has approved the provision of long-range Tomahawk missiles to Ukraine, with the final decision-making authority transferred to Trump. This news is bullish for crude oil. · Considering the stable global economic outlook and the current favorable market conditions of low inventories, the ministers from eight OPEC+ countries have decided to increase oil production quotas by 137,000 barrels per day in December and pause production increases in the first quarter of next year. This news is bearish for crude oil.

TOPONE Markets Analyst
2025-11-03 08:34:21
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