✉news BusinessBanking first seen 3 d ago, last 3 d ago, peak #18
Dollar slips from 18-month high as Fed officials cool rate-hike bets
Original: Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets
The US dollar pulled back from an 18-month high even after inflation data came in hotter than expected, as Federal Reserve officials signalled they are in no rush to raise interest rates further. Traders pared expectations of additional tightening, easing upward pressure on the greenback. Markets are now watching upcoming Fed commentary and economic readings for clues on the rate path ahead.
Why now: Fresh inflation data and Federal Reserve officials' comments are reshaping expectations for US interest rates and currency markets.
Rank over time, top of the chart is #1. 5 snapshots from 3 d ago to 3 d ago.
Evidence
- Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets · San Luis Obispo Tribune
- Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets · Reuters
- Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets · WTVB
API: https://socialmediatrends-api.osmike.com/v1/trends/2304971