Fed’s Powell Signals Potential Rate Cut, Dollar Slips
Key Takeaways: 💵 Dollar fell as Powell mentioned confidence in inflation heading to 2% goal for rate cuts 🌍 Euro hit six-week high against the dollar due to the dollar’s weakness 📈 Investors’ appetite for riskier assets, like stocks, impacted the dollar negatively 🏛 ECB kept borrowing costs high but mentioned falling inflation and economic … Read more