Yesterday, the Federal reserve refused to commit to any extreme stimulus measures for the economy– at least just yet. That has a ripple effect on commodities like oil.
China's central bank this morning surprised global markets by cutting interest rates for the first time since 2008 in an effort to stimulate the slowing economy.
Congressional negotiators have agreed to a deal that would extend the payroll tax cut through the end of the year, which means more money will go into more people's pockets and perhaps, they will go out and spend it.