interest rate
Brent crude futures were down 48 cents, or 0.55 percent, at $86.86 a barrel
The dollar index declined 0.06 percent to 105.34, making greenback-priced bullion cheaper for other currency holders
This marks first decrease in months as disinflation process begins
Saxo Bank expects U.S. and European sovereign bond yields to remain range-bound in Q3 2024
Fed Chair Jerome Powell said on Tuesday the U.S. was back on a 'disinflationary path' but policymakers remain cautious
Brent crude futures for September delivery rose 0.2 percent to $86.41 per barrel
Fed chair Jerome Powell's speech later today to provide insight into the U.S. interest rate outlook
Brent crude futures rose 2 percent to $86.41 per barrel
Brent oil futures for September delivery increased 0.3 percent to $85.29 per barrel
U.S. personal consumption expenditures index rose by 2.6 percent in May after a 2.7 percent rise in April
The economy had contracted for two consecutive quarters in the second half of 2023, indicating a recent recession
