Recent economic data has eased the recession fears that loomed earlier in August, diminishing the likelihood of large rate cuts by the Federal Reserve and boosting investor confidence in risk assets. The S&P 500 and Nasdaq 100 indices saw their strongest week since late October 2023 as of Friday midday trading, driven by encouraging economic releases during the week. Inflation continues to decelerate. In July, the Consumer Price Index inflation gauge increased by 2.9% year-over-year — the slowest pace since March 2021 and below both the previous month’s rate and the expected 3%. Core inflation, which excludes food and energy prices, edged down from 3.3% to 3.2%, matching analyst expectations. Initial jobless claims rose less than anticipated for the second straight …
US Economic Data Eases Rush For Large Interest Rate Cuts, Stocks Mark Strongest Weekly Gains In 10 Months: This Week In The Markets
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Additional Prop Firms
Established in 2022, LeseUp Trading is a proprietary trading firm already starting to revolutionise the landscape for aspiring traders.
Purdia Capital have set out to revolutionise the world of online funding, bridging the gap between online funding bodies and real proprietary trading firms.
FlexyTrade is a new prop firm in the futures prop trading industry. Established in March 2024 and based in Sheridan, Wyoming, FlexyTrade has come to life at a time when the futures funding industry is booming and many prop firms are being founded.
Phoenix Trader Funding offers enticing features for aspiring traders, including adaptable account sizes, scaling plans, and a free trial. Their fixed drawdowns and daily transparency measures instill confidence in risk management.
NexGen Futures Trader is a new player in the proprietary trading space. Built by traders, for traders, NexGen Futures Trader empowers aspiring funded traders with a unique platform to participate in the rewarding world of futures trading.
Leeloo's Performance Based Trading and Contest, offer the potential for payouts. With an industry-leading education platform, Leeloo attracts retail traders worldwide with its sterling reputation and commitment to the welfare of its traders.
They use an efficient assessment procedure to identify which traders they will provide with a funded trading account, with capital ranging from $25,000 to $250,000.
BluSky Trading Company’s impressive performance has attracted increasing attention to the proprietary trading firm, with ever more traders recommending its funded futures program as one of the best on offer in the industry.