OPEC and non-OPEC producers will meet
in Doha on April 17 to discuss a deal aimed at capping output at
levels from the start of the year.
As expected the Federal Open Market Committee left rates unchanged at the
0.25% to 0.50% range at the end of their two-day meeting, but
made a few changes to the post-meeting statement and
downgrades to their accompanying economic forecasts.
Interest rate hikes are
reduced from 4 to 2 times this year. This pushed down the US dollar index and boosted crude
oil and base metals.
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