Dollar Stays Higher After Powell Signals Gradual Easing
The dollar was continuing to rise after Federal Reserve Chair Jerome Powell on Monday indicated that further interest-rate cuts would be gradual after last month's 50 basis-points cut. Speaking at the National Association for Business Economics,
US Dollar Index rises to near 101.00 following Fed Powell remarks to lower rates gradually
However, last week’s US Core Personal Consumption Expenditures (PCE) Price Index increased by 0.1% MoM in August, falling short of the expected 0.2% rise, aligning with the Federal Reserve's outlook that inflation is easing in the US economy. This reinforced the possibility of an aggressive rate-cutting cycle by the Fed.
Fed Chair Jerome Powell explicitly pushed back against a 50bp rate cut by year-end, and Israel started a ground offensive in Lebanon. In other conditions, the US Dollar (USD) would have rallied on ...
The U.S. economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark ...
The Democratic Senatorial Campaign Committee announced it launched a “multimillion dollar” television ad buy targeting two US ...
THE Malaysian ringgit fell more than 1% on Tuesday as emerging Asian currencies lost ground against a stronger dollar after ...
Asian stocks eased near two-and-half-year highs on Tuesday and the U.S. dollar firmed following hawkish comments from Federal ...
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks pulled back from two-and-half-year highs on Tuesday and the dollar firmed ...
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