*U.S. DOLLAR FALLS TO SIX-MONTH LOW AHEAD OF LAST FED MEETING OF 2022 - $USD 🇺🇸 🇺🇸
LONDON - The dollar traded at its lowest in six months against the euro and pound on Wednesday after data showed U.S. inflation is cooling off, which investors believe gives the Federal Reserve room to slow the pace of future rate hikes.
The euro rose 0.2% against the dollar to $1.06495, not far off a six-month intraday high of $1.0673 touched in the previous session after U.S. inflation figures. But year-on-year inflation of 10.7%, compared to a predicted 10.9%, remains painfully high for British consumers. That data served to reinforce existing expectations that the Fed will slow the pace of its rate increases to 50 bps, and so the main focus of Wednesday's meeting will be the Fed's quarterly 'dot plot', which shows where policymakers expect rates to be at the end of each year, and remarks by chair Jerome Powell.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Donkervoort F22, 2022 Lexus GX 460 Driven, And 2022 Gulf Historic GP: Your Morning Brief | CarscoopsDonkervoort F22, 2022 Lexus GX 460 Driven, And 2022 Gulf Historic GP: Your Morning Brief | Carscoops carscoops
Weiterlesen »
US futures rise ahead of last Fed policy meeting of 2022Wall Street futures pointed modestly higher Monday ahead of the Federal Reserve's last policy meeting of 2022, where it's expected the central bank will raise its main lending rate by another half-point.
Weiterlesen »
Fed set to extend inflation fight with 7th rate hike of 2022After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation.
Weiterlesen »
Fed poised to raise rates by half a percentage point in last 2022 hikeFed Chair Jerome H. Powell will speak on the economy and the central bank’s latest action at a news conference.
Weiterlesen »
Fed set to extend inflation fight with 7th rate hike of 2022After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation.
Weiterlesen »
Fed set to extend inflation fight with 7th rate hike of 2022After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate Wednesday, a first step toward dialing back its efforts to combat inflation
Weiterlesen »