PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

2 February 2024,03:57

Weekly Outlook

Federal Reserve Maintains Interest Rates At 23-Year High, March Rate Cut Is Unlikely

2 February 2024, 03:57

Share on:
Share on:

Monday, 5 Feb, 17:00 – US ISM Non-Manufacturing PMI (Jan)

In November, the US non-manufacturing PMI increased to 52.7 from 51.8, rebounding from a 5-month low. However, economists anticipate a decline in demand for services in the current quarter as consumers redirect a greater portion of their spending towards goods.

Tuesday, 6 Feb, 05:30 – RBA Interest Rate Decision (Feb)

Australia’s central bank maintained the interest rate at 4.35% in December, as widely expected. Following nearly two years of elevated and increasing inflation, the annual Consumer Price Index (CPI) has reached its peak at 4.1% by the end of 2023, signalling a noticeable deceleration. This suggests a reduced probability of further rate hikes in the current cycle, with the possibility of interest rate cuts in the second half of 2024.

Thursday, 8 Feb,15:30 – Initial Jobless Claims 

In December, US NFPincreased by 216,000, surpassing the market expectation of 170,000. The US labor market data holds significant importance in shaping the interest rate projections of the Fed. Traders are advised to anticipate the upcoming results.

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create Live Account
  • 1


    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2


    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!