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Forexlive Americas FX news wrap: Powell can't put a floor under the US dollar

Forexlive Americas FX news wrap: Powell can't put a floor under the US dollar
Headlines from the Fed chair:Powell: Process of getting inflation back to 2% "has a long way to go"There is a gradual cooling in the labor market but we're not there yetIt may make sense to move rates higher at more moderate paceFactors contributing to inflation decline are happening but later than expectedUS dollar is still the dominant reserve currencyOther news:Fed's Goolsbee: Decision last week was close call for meFed's Bostic: Wants to give economy more time to adjust to rate hike before d... Read More
Posted: Jun 21 2023, 20:15
Author Name: forexlive
Views: 112524

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