N Faiszah Ishak

The primary objective of the ECB is to maintain price stability by keeping inflation at around 2%. To achieve this, the ECB uses interest rates as its primary tool.

After a recent decision, there has been a notable upsurge in risk appetite, which has led to a widespread sell-off of the US Dollar. The Euro experienced a noteworthy uptick of more than 100 pips, which led to fresh two-week highs that settled just above 1.0900.

The OPEC+ meeting scheduled for this weekend may be cancelled as Saudi Arabia is dissatisfied with the lack of commitment from other countries to cut production and stabilize crude prices.

A grasp of the supply and demand dynamics is essential for understanding the price of WTI Oil.

Goolsbee emphasizes importance of tackling inflation over economic and job growth.

Central banks are crucial in ensuring price stability in a country or region. Central banks need to adjust their policy rate to keep the demand in check.

Traders are eagerly awaiting the speeches of the Fed members scheduled for later on Wednesday to gain insights into the current concerns of the Fed, especially regarding the possibility of a recession.

Some traders may stay on the sidelines before the upcoming two-day FOMC monetary policy meeting, scheduled to start this Tuesday.

If inflation falls below the target, the central bank may cut base lending rates to promote lending and stimulate the economy. Conversely, if inflation rises above 2%, the central bank typically raises base lending rates to control inflation.