Important Information
This website is managed by Ultima Markets’ international entities, and it’s important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:
Note: Ultima Markets is currently developing a dedicated website for UK clients and expects to onboard UK clients under FCA regulations in 2026.
If you would like to proceed and visit this website, you acknowledge and confirm the following:
Ultima Markets wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.
By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Ultima Markets entity.
I confirm my intention to proceed and enter this websiteOn Wednesday, the data revealed that the U.S. Consumer Price Index (CPI) rose by 0.2% last month, mirroring the increase seen in July. Over the past 12 months ending in August, the CPI grew by 2.5%, marking the slowest annual increase since February 2021 and down from the 2.9% gain in July. However, when excluding the more volatile food and energy categories, the core CPI rose by 0.3% in August, following a 0.2% increase in July, slightly surpassing the expected 0.3% rise.
(U.S Inflation data, Source: LSEG Data stream)
This data significantly reduces the probability of a 50-basis-point rate cut from the Federal Reserve in next week. This outcome was anticipated, as the market’s expectations for such a large rate cut in September seemed overly optimistic. The Fed’s focus remains on labour market data, making employment numbers and their revisions even more crucial.
With expectations of a smaller 25 bps cut instead of 50 bps, market sentiment appears somewhat cautious. A minor correctional bounce for the dollar is anticipated in September, followed by a renewed weakening toward the end of 2024 and into 2025. However, markets have still priced in 104 basis points of cuts by year-end, suggesting that a 50-basis-point rate cut is expected at either the November or December meeting.
Disclaimer
Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.
Ultima Markets provides the foremost competitive cost and exchange environment for prevalent commodities worldwide.
Start TradingMonitoring the market on the go
Markets are susceptible to changes in supply and demand
Attractive to investors only interested in price speculation
Deep and diverse liquidity with no hidden fees
No dealing desk and no requotes
Fast execution via Equinix NY4 server