Dollar Rallies as Core CPI Data Dims Hopes for Larger Fed Rate Cut
Dollar rises slightly across the board during early US session following release of key inflation data, which largely ruled out the possibility of 50bps rate cut at the upcoming FOMC meeting next week. While headline inflation in the US saw sharper-than-expected decline, falling to 2.6% year-on-year, core CPI remained stuck at 3.2%, signaling that disinflation […] The post Dollar Rallies as Core CPI Data Dims Hopes for Larger Fed Rate Cut appeared first on Action Forex.
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Dollar rises slightly across the board during early US session following release of key inflation data, which largely ruled out the possibility of 50bps rate cut at the upcoming FOMC meeting next week. While headline inflation in the US saw sharper-than-expected decline, falling to 2.6% year-on-year, core CPI remained stuck at 3.2%, signaling that disinflation […]
The post Dollar Rallies as Core CPI Data Dims Hopes for Larger Fed Rate Cut appeared first on Action Forex.
