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· 20hInflation data to reveal tariff impact as Fed weighs next rate cut | Morning in America
The July consumer price index is expected to show a slight increase in the costs of everyday goods as markets weigh the impact of President Donald Trump’s sweeping tariffs, a more challenging job market and mounting “stagflation” concerns.
· 18mUS Dollar slumps below 98.00 as Fed rate cut odds rise, Fedspeak awaited
The Greenback faces challenges amid easing risk aversion following the latest United States (US) inflation data, which strengthened expectations for a US Federal Reserve rate cut in September. The CME FedWatch tool indicates that markets are now pricing in approximately 96% odds of a Fed rate cut at the September meeting, up from 86% a day ago.
Fed Chair Jerome Powell said the economy is solid — and that it's also too early to tell how tariffs will affect it.
The Federal Reserve keeps short-term rates the same in July, holding rates as is for the fifth meeting in a row. What's next ...
GBP/USD remains steady after registering 0.5% gains in the previous session, trading around 1.3500 during the Asian hours on ...
The Fed cut its short-term policy rate by 100 basis points in 2024, but it has been on hold since January, keeping it in a 4.25% to 4.5% range while waiting for tariff uncertainty to clear up.
The Indian rupee and forward premiums traded higher on Wednesday, lifted by tame headline U.S. inflation data that reinforced ...
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