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Investors Await Fed Forecasts and BOJ Announcement Amid Market Fluctuations

1 week ago

Investors are keenly anticipating the Federal Reserve’s updated interest rate forecasts on Wednesday, which may offer insights into the central bank’s commitment to easing monetary policy. Meanwhile, the Bank of Japan is expected to keep its policy steady in its announcement scheduled for Friday.

Oil prices inched higher after experiencing a weekly decline, as the market continues to process OPEC+’s decision to restore supply. Traders are also looking ahead to a series of industry reports and the Federal Reserve’s rate decision.

In geopolitical news, Benny Gantz resigned from Israel’s emergency government and called for elections, criticizing Prime Minister Benjamin Netanyahu’s management of the conflict with Hamas. Gantz’s departure removes a moderate influence from the government, increasing Netanyahu’s dependence on his right-wing coalition partners.

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