Dollar gains as Powell pushes back on jumbo rate-cut bets
The dollar rose broadly on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on more supersized interest rate cuts. The yen steadied close to the middle of its range against the dollar over the past month,
Dow Falls as Powell Weighs In on Economy, Rate Cuts
U.S. stocks were poised to close out a solid quarter on a down note, edging lower after Fed Chair Jerome Powell suggested the central bank would likely refrain from extra-large interest-rate cuts if the economy evolves as expected.
Powell indicates further, smaller rate cuts, insists the Fed is 'not on any preset course'
Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in fact indicating the next moves will be smaller.
Fed sees no 'hurry' to cut rates as confidence in economy grows, Powell says
By Howard Schneider NASHVILLE, Tennessee (Reuters) -Federal Reserve Chair Jerome Powell indicated on Monday the U.S. central bank would likely stick with quarter-percentage-point interest rate cuts moving forward and was not "in a hurry" after new data boosted confidence in ongoing economic growth and consumer spending.
Fed’s Powell Says Rate Cuts Can Sustain Soft Landing, but Sees No Need to Rush
Federal Reserve Chair Jerome Powell said the economy was in solid shape. “We intend to use our tools to keep it there,” he added.
Powell Suggests Fed Will Continue To Lower Rates, But Rates Are Not On 'Preset Course'
Federal Reserve Chair Jerome Powell spoke before the annual meeting of the National Association for Business Economics on Monday,
Opinion: The US dollar's winning streak is ending. What does that mean for you?
Trump and Vance would welcome a weaker dollar to support US manufacturing. But here's why it will remain the dominant ...
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Convert United States Dollar To Venezuelan Bolívar Soberano
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The 2024 US Presidential Election And Impact on the U.S. Dollar
U.S. presidential election is impacting financial markets, and the overall trend in the U.S. dollar remains bearish before ...
When the dollar store closes, US families on food benefits lose a lifeline
Cuts to federal benefits pushed Dollar Tree to close many Family Dollar stores, leaving families in poorer parts of the U.S.
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Convert Canadian Dollar To United States Dollar
For instance, credit card companies usually charge a 2.5% conversion fee on all foreign transactions, and ABM networks, which are called ATMs in the United States, may charge an additional flat ...
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Bonds rally, dollar firms as traders ponder rate cuts
Government bonds rallied on Tuesday as euro zone inflation data boosted the case for faster European Central Bank rate cuts ...
Rally in dollar/rupee forward premiums may have room to run, bankers say
A three-month rally in dollar-rupee forward premiums is expected to push on amid wagers of another outsized rate cut in the ...
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CBN, Currency Traders Give New Exchange Rates as Naira Depreciates Against US Dollar
Nigerian currency has depreciated further against the United States dollar in the foreign exchange markets amid a drop in ...
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Zimbabwe: SA Rand Could Break Through R15 to Us Dollar
For the past week, the rand has been at a 20-month high against the dollar. The question is how much further it will strengthen - and how long the rally will last.
From Shoes to Alcohol, These Products Will Be Impacted by the Dockworkers’ Strike
With a U.S. dockworkers’ strike at major ports from Maine to Texas, these are the products that could be impacted.
DirecTV is only paying one dollar for Dish in a major merger of shrinking pay-TV giants
DirecTV and Dish have agreed to merge. The combination will create the biggest traditional pay-TV service at a time when ...
Dollar to Stay Unfazed Despite Growing Uncertainties: Reuters Poll
BENGALURU (Reuters) - The U.S. dollar will hold steady in coming months despite an expected series of Federal Reserve ...