The U.S. dollar traded near a one-month low as investors grew more confident that the Federal Reserve will keep interest rates unchanged at its July meeting following softer-than-expected inflation data. Recent economic reports showed resilient consumer spending and a stable labor market, while easing inflation reduced expectations of a near-term rate hike. However, rising oil…
The European Central Bank (ECB) is widely expected to leave interest rates unchanged at its July 23 policy meeting as inflation continues to ease. However, a recent surge in oil prices driven by renewed Middle East tensions has increased expectations that the ECB could raise rates again in September. According to a Reuters survey of…
Federal Reserve Chair Kevin Warsh said the U.S. central bank remains committed to returning inflation to its 2% target, stressing that policy decisions will continue to be based on economic data and remain independent of political pressure. Fresh U.S. data supported expectations that interest rates will stay unchanged at 3.50%–3.75% during the Fed’s July 28–29…