Episode notes
Highlights of this week's Commodity Podcast:
1. As February ended, the main theme remained to be inflation that remained sticky for most major economies
2. Money markets and interest rate futures are now expecting Fed funds terminal rate to rise to 5.5% by September 2023
3. Expectations of rate cuts have also come down, with traders now pricing in less than 15 basis points of rate cuts in 2023
4. The Dollar Index closed the week with a 0.7% decline, while it closed the month of February on a positive note with gains of 2.7%
5. Gold prices rebounded and ended the week with 2% gains
6. Prospects of higher rates might be a headwind in the short term for precious metals
7. WTI and Brent Crude Oil prices closed the week with 4.5% and 3.2% gains, respectively
8. NYMEX Natural Gas closed the week with 23% ...