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Fed’s Barkin: 50 bps cut warranted as rates were out of sync with decline in inflation
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Falls below 1.3300 on risk-off mood
GBP/USD declines by over 0.50%, on sour sentiment due to Middle East tensions. UK Manufacturing PMI expanded but slowed, while US ISM Manufacturing PMI improved
Dallas Fed September manufacturing index -9.0 vs -9.7 prior
Output (production) -3.2 vs +1.6 prior New orders -5.2 vs -4.2 prior Employment +2.9 vs -0.7 prior Outlook -6.4 vs -9.6 prior Prices paid for
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Gold price plummets Friday, still eyes weekly gains over 1%
XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the