Odds of a Fed Move Rises to 70 Percent

Odds of a Fed Move Rises to 70 Percent

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Interactive Video

Business

University

Hard

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The video discusses the impact of Fed fund futures on the dollar, leading to a record high in the Bloomberg Dollar Spot Index. This has negatively affected commodities, with the Bloomberg Commodity Index reaching lows not seen since 1999. Key metals like copper and nickel have dropped significantly. The Lundell Metals Exchange index has seen a prolonged decline, and gold and crude oil are also on losing streaks. The euro has weakened against the dollar, influenced by ECB's commitment to raising inflation. Basic resource stocks are the worst performers on the stock 600, with major companies like Glencoe and Arcelor Mittal experiencing significant declines.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the euro performed against the dollar according to the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the forecast for the euro at the end of the year as per analysts surveyed by Bloomberg?

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