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Dollar Slips Further as Anticipation Mounts of Fed Interest Rate Cut
NEW YORK (Reuters) -The dollar slipped for a second straight session on Wednesday, a day after a U.S. inflation reading increased expectations of a Federal Reserve rate cut next month and renewed pressure from President Donald Trump for lower rates added to the sell-off.
The dollar rose as top-line inflation figures landed in line with expectations, but under the surface, rising prices for some goods suggested tariffs could drive further price increases ahead.
For investors, the July CPI print was just right, as it raised the odds of a rate cut at the next Fed meeting while showing ...
Consensus expects core CPI, which strips out food and energy, to rise 0.3% from June, pushing the annual rate to 3.0% from ...
The dollar rises after data showed wholesale inflation accelerated more than expected in July. The producer price index rose 0.9% month-on-month in July, above the 0.2% rise forecast by economists in ...
The Canadian dollar recovered on Tuesday from an earlier one-week low against its U.S. counterpart after the release of U.S.
Producers of metals and other raw materials declined as an elevated wholesale inflation reading drove up the value of the U.S. dollar. Chilean copper giant Antofagasta posted an increase in first-half ...
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