Dollar gains as Fed’s Powell cautious on rate cuts
Cryptocurrency / 09.07.2024

Dollar gains as Fed’s Powell cautious on rate cuts

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 Reserve’s 2% target, but has been improving in recent months and “more good ...

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Published by: hellenicshippingnews

Read full article here: https://www.hellenicshippingnews.com/dollar-gains-as-feds-powell-cautious-on-rate-cuts/

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