Fed Decision Could Be Mildly Positive for Dollar, but Risks Remain The U.S. Federal Reserve is widely expected to raise interest rates by 25 basis points on Wednesday, but the accompanying announcement could be “mildly positive” for the dollar, according to ING currency analyst Chris Turner. Turner said that the Fed may want to push …
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Dollar Could Be Starting Cyclical Decline The dollar has fallen sharply in recent weeks, and some analysts believe that it could be starting a cyclical decline. This is due to a number of factors, including weaker-than-expected U.S. inflation data, the prospect of peak U.S. interest rates, and a stronger euro. The dollar index, which measures …
U.S. equity index futures rose on Friday morning after the release of the latest inflation data. The May core PCE price index, which is the Federal Reserve’s preferred inflation measure, rose 0.3% month-over-month, in line with expectations. However, the core PCE price index rose 4.7% year-over-year, below the consensus forecast of 4.8%. The weaker-than-expected inflation …
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