Dollar Gains Ground as Powell Signals Caution on Rate Cuts, Yen Steadies Amid Political Shift
The U.S. dollar strengthened broadly on Tuesday as Federal Reserve Chair Jerome Powell tempered expectations of aggressive interest rate cuts, pushing back against the speculation that has gripped financial markets in recent weeks.
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 Powell showed little sense of urgency and seemed to endorse the recent dot plot that implied two quarter-point rate ...
The dollar rose on Monday after Federal Reserve Chair Jerome Powell adopted a more hawkish tone on the economy, leading ...
The dollar was trading steady as investors look ahead to a speech from Federal Reserve Chair Jerome Powell later for clues on the central bank's next steps after it delivered a 50 basis points ...
The U.S. dollar retreated last week after the Federal Reserve’s favorite inflation reading signaled price pressures continue ...
The Democratic Senatorial Campaign Committee announced it launched a “multimillion dollar” television ad buy targeting two US ...
The yen declined sharply on Monday as Federal Reserve Chair Powell signaled that he was not planning further oversized rate ...
Gold prices remain stable amid dollar strength following U.S. housing data. Traders eye Powell’s speech and upcoming GDP ...
The Canadian dollar strengthened against its U.S. counterpart on Tuesday as oil prices climbed on the escalating Middle East ...
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