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Dollar weakens as cautious Fed leads to rate-hike rethink

Dollar weakens as cautious Fed leads to rate-hike rethink

The dollar weakened against other major currencies on Thursday as markets took Federal Reserve Chairman Jerome Powell’s comment that U.S. interest rates were just below neutral as a signal that a three-year rate-hiking cycle is nearing an end. The dollar index, which measures the value of the greenback against a basket of other major currencies,Read More …

Fed chief says will do ‘whatever it takes’ for US economy

Fed chief says will do ‘whatever it takes’ for US economy

Avoiding any direct reference to President Donald Trump’s renewed criticism of the Federal Reserve’s handling of the economy, Fed chief Jerome Powell said Friday the central bank would do “whatever it takes” to head off inflation or react to a new crisis. Trump’s latest attacks, delivered in an interview this week, meant politics cast a […] …

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