US stocks and dollar strengthen on Fed and strong economic data

Strengthening stocks and the dollar: U.S. stocks rose along with the dollar, driven in part by positive U.S. economic data and expectations of an interest rate cut by the Federal Reserve (Fed).

Strong economic data: U.S. retail sales rose in August and factory output rebounded from the bottom, easing fears of an economic slowdown.

Expected rate cuts: The Fed is expected to cut interest rates by 25 basis points. Some speculation has even suggested the possibility of a more aggressive cut of up to half a percentage point.

Analyst Comment: Peter Cardillo of Spartan Capital Securities said strong economic data points to a healthy U.S. economy and he expects further clues on future Fed policy.


The dollar is doing pretty well right now, but I don't care that much about those currencies, so I kind of don't care😅

It's a good thing and I believe the dollar will continue to strengthen

The pair is holding nicely around the upper boundary of the sideways trend so far. When these levels have been around early in the year or in 2023, the price has always fallen quickly. So far it looks like it wants to break out and continue up.

Don't have an account? Join us

Log in to Bulios


Sign.popup.orUseEmailAndPassword
Už jsi členem? Přihlásit se

Create Bulios profile

Continue with

Sign.popup.orUseEmailAndPassword
You can use lowercase letters, numbers, and underscores

Why Bulios?

One of the fastest growing investor communities in Europe

Comprehensive data and information on thousands of stocks from around the world

Current information from global markets and individual companies

sign.popup.registration.listWhy.fourth

Fair prices, portfolio tracker, stock screener and other tools

Timeline Tracker Overview