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Slowing U.S. Inflation Fuels Expectations of Interest Rate Cuts
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MarketWatch - Business
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Several officials said that interest-rate hikes might be needed if inflation stays at its elevated level or increases further.Federal Reserve -
CNN - Top stories
The Fed expects to cut rates just once this year
The Federal Reserve said Wednesday it expects to cut its benchmark interest rate just once this year as inflation remains stubbornly high.Federal Reserve -
CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve -
The Wall Street Journal - World
The WSJ Dollar Index Falls 0.2% to 100.25
The WSJ Dollar Index was down 0.2% to 100.25 — down for two consecutive trading days. -
The Wall Street Journal - World
Fed Officials Signaled No Hurry to Cut Rates
The minutes of their last meeting suggested some are on alert for signs of labor-market deteriorationFederal Reserve -
The Wall Street Journal - World
Gold Edges Higher on Rate Cut Hopes
Gold prices have rebounded to $2,355/oz on softening U.S. economic data, which has lifted investor confidence around a start to the U.S. monetary easing cycle from September, ANZ said. -
The Wall Street Journal - World
Turkish Inflation Moves Past Peak as High Rates Begin to Pay Off
Turkish consumer inflation looks to have begun a strong downward slide, says Bartosz Sawicki, market analyst at fintech Conotoxia.Turkey -
The Wall Street Journal - World
Gold Futures Near Two-week Highs on Hopes for US Rate Cuts
Gold futures rose, nearing a two-week high, amid growing investor optimism for a U.S. interest rate cut. -
The Wall Street Journal - World
USD/SGD Slips on Prospects of Fading U.S. Economic Exceptionalism
USD/SGD edged lower during the Asian session on prospects of abating U.S. economic exceptionalism. -
Financial Times - World
Biden meets senior Democrats as crisis deepens
Discussions come as polls show sharp drop in support for US presidentJoe Biden
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