Skip to content
Risk warning: Our products are leveraged and carry a high level of risk, which can result in the loss of your entire capital. Such products may not be suitable for all investors. It is crucial to understand the risks involved fully.
  • Support
  • For Institutionals
  • Trading

    Trading Platforms

    • MetaTrader 4 Terminal
    • MetaTrader 5 Terminal
    • PAMM Accounts
    • Equinix Trading Server

    Markets coverage

    • Forex Currencies
    • Spot Metals
    • Commodities

     

    • CFDs on Stocks
    • Indices
    • CFDs on Crypto

    Start Trading

    • Standard Accounts For individuals
    • Institutional Account For professionals
    • Deposits & Withdrawals
  • Conditions

    Trading Conditions

    • Spreads Overview
    • Swap-Free
    • Leverage Information

     

    • CFD Specifications
    • Full Trading Conditions

    Invest on your terms

    Transparent pricing, reduced trading costs, and leverage that adapts to your strategy.

    Explore conditions
  • Tools
    • Weekly Outlook
    • Daily Technical
    • Market Commentary
    • Economic Calendar
    • News & Insights
  • About
    • About OnEquity
    • Company News
    • Legal Documentation
    • Client Protection
    • Help & Support
    • FAQs
  • Partners
Edit Content
  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
  • Trading
    • Markets Coverage
    • MetaTrader 5 Platform
    • MetaTrader 4 Platform
    • Standard Accounts
    • Institutional Account
    • PAMM Accounts
    • Equinix Trading Server
    • Deposits & Withdrawals
  • Conditions
    • Spreads Overview
    • Leverage Information
    • Swap-Free Trading
    • CFD Specifications
    • Full Trading Conditions
  • Tools
    • Daily Technical
    • Weekly Outlook
    • Market Commentary
    • Economic Calendar
    • News & Insights
  • About
    • About OnEquity
    • Company News
    • Legal Documentation
    • Client Protection
    • Help & Support
    • FAQs
  • Partners
  • Client Portal
  • Open Account
Edit Content
  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
Open Account
Client Portal
Markets

Market Highlights for the Week: Inflation, Gold, and the Fed

September 23, 2024 OnEquity

Key inflation data and speeches from several Federal Reserve policymakers will be closely monitored by investors following last week’s significant rate cut. PMI data will offer insights into the global economy’s strength, while gold prices remain near record highs. Here’s what to watch in the markets this week.

Inflation

The Federal Reserve’s preferred inflation gauge, due on Friday, will indicate whether price pressures have eased as the central bank starts to unwind its tightening monetary policy.

Economists estimate that the August Personal Consumption Expenditures (PCE) price index will rise by 2.5% year-over-year. The Federal Reserve’s latest economic projections estimate the annual rate of the price index will be 2.3% by the end of the year and 2.1% by 2025.

The week’s economic calendar also includes the final reading of second-quarter GDP, more reports on consumer confidence, durable goods orders, new and pending home sales, and weekly data on initial jobless claims. 

Fed Speeches

Upcoming speeches by Fed officials will likely provide insights into last week’s rate cut. Atlanta Fed President Raphael Bostic will speak first on Monday, followed by Chicago Fed President Austan Goolsbee. Fed Governor Michelle Bowman will deliver a speech on Tuesday and another on Thursday, and given that she has become the first governor to disagree with a Fed decision since 2005, she is likely to make her case in her remarks, as she warned against cutting rates too quickly. Fed Chairman Jerome Powell will speak Thursday at the 10th annual U.S. Treasury Market Conference. 

New York Fed President John Williams and Vice Chairman for Supervision Michael Barr will also speak at the same event. Investors will be watching for any clues on how the Fed is assessing progress in reducing its balance sheet.

Market Volatility 

The S&P 500 index posted its first two-month high in two months at the close the previous week following the Fed’s announcement of a sizable 50 basis point rate cut, marking the start of the first U.S. monetary easing cycle since 2020. 

The index has gained 0.8% in September, historically the weakest period for stocks, and is up 19% year-to-date. However, the market rally could face challenges if economic data fails to support the idea of a “soft landing,” where inflation moderates without harming growth. Additionally, the close presidential race between Donald Trump and Kamala Harris could add to market uncertainty, with polls showing a near tie.

PMI Data

PMI data, starting Monday, will offer the latest snapshot of the global economy. The Eurozone’s composite PMI has expanded for six months, and the UK’s for ten, strengthening the British pound. Markets seem convinced, for the time being, that the Fed’s half-point cut will help to avoid a recession in the United States and, consequently, a global recession.

However, some concerns remain. In Germany, the eurozone’s largest economy, the contraction in business activity deepened in August and confidence remains weak. Meanwhile, China’s economy continues to struggle, putting the world’s second largest economy at risk of missing its annual growth target of around 5%.

All-Time Highs in Gold

Gold bulls are driving bullion prices to new records, with a USD 3,000 per ounce milestone in sight, fueled by monetary easing from central banks and the approaching U.S. presidential election.

Spot gold touched an all-time high of USD 2,572.81 an ounce on Friday and is on course for its best annual performance since 2020, up more than 24%, thanks to safe-haven demand due to geopolitical and economic uncertainty and strong central bank buying.

Low rates typically benefit gold, which doesn’t generate interest income. Citi analysts noted last week that gold prices could hit $3,000 an ounce by mid-2025 and $2,600 by the end of 2024, driven by U.S. rate cuts, strong demand for exchange-traded funds, and ongoing physical demand.

  • Fed
  • Gold
  • inflation
  • Markets

Post navigation

Previous
Next

Search

Categories

  • Analysis (217)
  • Beginner (24)
  • Cryptos (145)
  • Currencies (188)
  • Daily Technical (147)
  • Education (64)
  • Expert (23)
  • Intermediate (17)
  • Markets (434)
  • News & Releases (22)
  • Stocks (290)
  • Uncategorized (1)
  • Weekly Outlook (69)

Recent posts

  • Trading Hours Update – Additional Changes for August 2025
  • Today’s stocks to watch: Berkshire, Boeing, and Amazon
  • U.S. stock futures rise on heightened hopes for interest rate cuts

Tags

Analysis Bitcoin Cardano CPI Crypto Cryptocurrencies Currencies Daily Dollar earnings Education Elections ETF ETFs Ethereum Euro Fed Index inflation Litecoin Market Markets Nasdaq oil Outlook Pound Ripple SEC Solana Stablecoin Stock Market Stocks Stocks Market Stocks today Technical Technical Analysis Technology Tether Trading Trump Wall Street Weekly Weekly Outlook Yen Yuan

Related posts

Currencies, Markets

Dollar Falls Before the Fed Meeting; the Euro Gains Momentum

June 16, 2025 OnEquity

The U.S. dollar edged lower on Monday as investors monitored developments in the Israel-Iran conflict and looked ahead to a packed week of central bank meetings, including the Federal Reserve’s highly anticipated decision. As of 04:15 ET (08:15 GMT), the U.S. Dollar Index—measuring the greenback against a basket of six major currencies—was down 0.2% at […]

Beginner, Education

Inflation Explained: Causes, Effects, and Economic Impact

April 3, 2025 OnEquity

Inflation is a key aspect of the economy and plays a vital role in financial analysis. To understand its impact, it is vitally important to be familiar with its different manifestations, such as deflation and hyperinflation. Central banks have the difficult task of maintaining a balance between economic growth and price stability. The vast majority […]

Stocks

U.S. Stock Futures Climb Ahead of Fed Rate Decision, Tesla in the Firing Line

March 19, 2025 OnEquity

U.S. stock index futures rose slightly on Wednesday as investors awaited the Federal Reserve’s latest policy decision for insights into the state of the world’s largest economy. As of 06:40 ET (10:40 GMT), Dow Jones Futures were up 45 points or 0.1%, S&P 500 Futures gained 15 points or 0.3%, and Nasdaq 100 Futures climbed […]

  • Privacy policy
  • Client agreement
  • Legal
  • Support
  • +2484671965
  • [email protected]
  • Chat with us
Company
  • About us
  • Regulation
  • Safety of funds
  • Company news
  • Insights
  • FAQ
Account options
  • Standard accounts
  • Institutional account
  • PAMM accounts
  • Swap-free account
Conditions
  • Spreads overview
  • Leverage tiers
  • CFD specifications
  • Markets coverage
Trading tools
  • MetaTrader 5
  • MetaTrader 4
  • Equinix trading server
  • Economic calendar
  • Daily technical
  • Weekly outlook
  • Market commentary
OnEquity Ltd is incorporated in Seychelles as a Securities Dealer with License No. SD154, authorized by the Seychelles Financial Services Authority (FSA), adhering to the Consolidated Securities Act, 2007. Registration No. 810588-1.

The website is operated and provides content by the OnEquity group of companies, which include:

OnEquity SA (Pty) Ltd, incorporated in South Africa, Company reg. 2021/321834/07, regulated by the Financial Sector Conduct Authority (FSCA) with FSP No. 53187.

OnEquity LLC, recognized by the Registrar of International Business Companies and the Financial Services Authority in St. Vincent and the Grenadines, Registration No. 286 LLC 2020.

ONEQ Global Ltd, registered in Cyprus, Company reg. HE 435383, located at Agias Zonis 22, Limassol, focusing on comprehensive service solutions within the OnEquity Group.
Risk Disclosure: Trading in financial instruments involves substantial risk and may not be suitable for all investors. The value of investments is volatile and can result in total loss of capital. Investors should consider their financial situation, investment experience, and risk tolerance, and may seek professional advice. Past performance is not indicative of future results.

Eligibility: Services are available to individuals 18 years or older.

Restricted Jurisdictions: The content provided by OnEquity is not intended for residents of the United States, Canada, North Korea, Yemen, Iran, Belgium, Syria, or any jurisdiction where such distribution or use would be contrary to local law or regulation.

All trademarks™ and brand names belong to their respective owners and are used here for identification purposes only. Use of these names does not imply endorsement.
© OnEquity. All Rights Reserved.