Key Points
(Reuters) -The dollar gained on Tuesday after Federal Reserve Chair Jerome Powell acknowledged progress in inflation, but did not give a clear signal that the U.S. central bank is close to cutting interest rates...
Powell said that inflation remains above the U.S. Federal Reserves 2% target, but has been improving in recent months and more good data would strengthen the case for central bank interest rate cuts...
He made the comments in congressional testimony, appearing to show increasing faith that inflation will return to the Feds target, a requirement for easing monetary policy...
The market is counting the days until we get a rate cut signal from Federal Reserve Chair Powell and I think there were some in the market who were looking for a more concrete step towards rate cuts later this year, said Adam Button, chief currency analyst at ForexLive in Toronto...
The European Central Bank can continue to gradually reduce interest rates without jeopardizing a current fall in inflation, governing council member Fabio Panetta said on Tuesday...
You might be interested in
Fed rate hikes and unintended consequences
27, Mar, 23Persistent inflation signals the Federal Reserve has its work cut out over the next few months regarding rate increases. A hawkish stance comes with unintended consequences
Dollar eases against euro as Fed rate cut outlook weighs
19, Dec, 23By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar eased against the euro on Monday, extending last week's fall, as the U.S. currency remains under pressure from the Federal Reserve last week
Dollar firm, euro at three-week lows as rate cut bets rise
07, Dec, 23By Ankur Banerjee SINGAPORE (Reuters) - The euro eased to its lowest in over three weeks on Thursday as traders intensified bets that the European Central Bank (ECB) would start cutting rates starting
US Fed meet outcome today: Two possible scenarios that Dalal Street can look at
20, Mar, 24US Federal Reserve is expected to maintain the federal funds rate amid higher inflation and strong job market data. Market eagerly awaits the Fed's guidance on potential rate cuts and future policy actions.
US Fed speech: Jerome Powell boosts warning on crypto industry and its ‘turmoil’
08, Mar, 23US interest rates will likely peak at a higher level due to economic data that came in stronger than recent trends suggested, Fed's Powell said.
Dollar feels the heat as Fed's dovish pivot weighs
15, Dec, 23By Ankur Banerjee SINGAPORE (Reuters) - The dollar languished near four-month lows on Friday, weighed by growing prospects of U.S. interest rate cuts next year, while the euro and pound found support
US Fed meet begins today: Why will chief Powell & team choose to stay put?
19, Mar, 24The US Federal Reserve is expected to keep interest rates stable amid rising inflation. Market anticipates potential rate cuts in 2024 based on economic conditions and dot plots forecasts.
Dollar edges up as March Fed cut bets unwind, sterling trims losses after BoE
01, Feb, 24By Alun John and Samuel Indyk LONDON (Reuters) -The dollar rose slightly on Thursday after Federal Reserve Chair Jerome Powell pushed back against bets of early U.S. rate cuts, while sterling cut
EXPLAINER: Decoding Fed, ECB rate signals
05, May, 23Both the US Federal Reserve and the European Central Bank have hiked interest rates by 25 basis points in their latest monetary policy actions.
Dollar feels the heat of Fed's rate outlook
15, Dec, 23By Amanda Cooper LONDON (Reuters) - The dollar headed for its biggest weekly drop in five months on Friday as the prospect of rate cuts from the Federal Reserve against a tough line from central banks