Monday’s Market Update | 02-Sep-2024
U.S. stocks have seen increased volatility amid uncertainty surrounding the Federal Reserve’s interest rate policy. Investors are closely monitoring economic data to assess the likelihood of future rate hikes or cuts in the coming months.
Oil prices have been fluctuating between gains and losses due to concerns over global demand, especially in China, and potential supply cuts from OPEC+. Rising geopolitical tensions in the Middle East are also contributing to the uncertainty in the oil market.